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Tuesday, May 15, 2012

Euro Continues To Slide, Yen Remains Steady

The Euro continued its slide downards and went on to reach a 4-month low against the US Dollar on Tuesday. The political deadlock in Greece has raised fears that the country may soon exit the Euro Zone completely.
As a result, the US Dollar continued posting gains against the major currencies but only managed to gain a little bit of ground back on the Japanese Yen in early trading today.

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