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Euro Falls Broadly; Pound Up on Cadbury Deal
The euro fell broadly Tuesday as German investor sentiment soured while persistent worries about Greece's finances kept the heat on the currency. Against the dollar, the euro dipped below its 200-day moving average around $1.4285. It also hit a one-month low against the yen and a four-month low against sterling after Kraft Foods agreed to buy Britain's Cadbury, increasing demand for pounds. Full Story
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Submitted Jan 19, 2010 11:44am
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