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Euro Rises To 2-day High Against Dollar And Pound

08:29, 14th November 2012

(RTTNews) - The euro advanced against the currencies of the U.S., the U.K. and Japan on Wednesday morning in Asia as easing of negative sentiments surrounding Greece lifted risk-appetite.

The European shared currency advanced to 2-day highs of 0.8015 against the pound and 1.2730 against the US dollar, up from Tuesday's closing values of 0.8007 and 1.2705, respectively. If the common currency extends its rally, likely resistance levels are seen at 0.8025 against the sterling and 1.2750 versus the greenback.

The euro also rallied against the yen, rising to a session's high of 101.23 and this may be compared to Tuesday's close of 100.86. On the upside, the euro may find target around the 101.75 level.

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