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Euro softens as Greek deadline looms
The euro and risk sentiment took a bit of a hit first thing in Asia on Monday with markets getting anxious as the deadline for Greece to clinch a second rescue package loomed large. Greece's coalition parties must tell the European Union by Monday whether they accept the painful terms of a new bailout deal worth 130 billion euros in order to avoid a disorderly default. The euro stood at $1.3110, down some 30 pips from late New York levels on Friday. It fell as far as $1.3080 in thin early trade. Immediate support is seen at $1.3078, the 55-day moving average, ahead of $1.3023 -- the Feb. 1 trough. Against the yen, ... (full story)
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