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Euro high against dollar on Greece crash measures

NEW YORK : The euro rallied to a session high against the dollar on Tuesday amid rising risk tolerance on the expectatio
Published June 28, 2011 Updated June 28, 2011 01:38pm
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By Muhammad Iqbal
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dolarNEW YORK: The euro rallied to a session high against the dollar on Tuesday amid rising risk tolerance on the expectation that Greece's parliament will approve tough austerity steps needed to stave off a default.

The euro was last at $1.4311, up 0.2 percent on the day, after climbing as high as $1.4330, according to Reuters data.

Positive U.S. home prices data and European Central Bank President Jean-Cluade Trichet's reiteration that policymakers were in strong vigilance mode when tackling inflation added to the rise in risk tolerance.

Copyright Reuters, 2011

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