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Euro pauses below $1.40, Antipodeans surge
The euro consolidated gains on Thursday, holding around 2-1/2 year highs hit in early European trade, with a push above $1.40 still in the balance ahead of a batch of U.S. data. The single currency, pitched by many banks at the start of 2014 as one of this year's likely losers, has drawn strength from a trade and capital account that is roughly 30 billion euros to the good monthly and the European Central Bank's unwillingness, so far, to take more extreme action to counter low inflation. The euro has gained another 1.5 percent since the ECB took no action last week to ease policy, and gave no indication it was about ... (full story)
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