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Euro steadies on persistent hopes for ECB action
* RBA quarterly statement awaited for Aussie direction. * Rising U.S. Treasury yields could support dollar vs yen-strategist. The euro steadied in Asia on Friday, as hopes for progress in Europe's debt crisis gained the upper hand over worries about slowing euro zone growth. Weak German economic data pressured the euro on Thursday, as well as the ECB's latest monthly bulletin citing downside risks to the euro zone's economic outlook. But persistent hope that the European Central Bank will act to ease borrowing costs for Spain and Italy helped the European unit climb off its overnight lows. The euro remained down ... (full story)
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