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Ministers approve next Greek bailout instalment

Eurozone finance ministers give the green light to an immediate release of 4.3 billion euros of aid for Greece

By Richard Nehme | May 14, 2013 10:30 BST
Euro continues to benefit from weaker USD
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EUR/USD held within the 1.29’s as the pressure mounted from both sides of the pond, with movements from the ECB agreeing a bailout for Cyprus and news of the FED potentially positioning to unwind their stimulus program, both currencies failed to make gains. Monday saw a high of 1.2999 against the dollar and a low of 1.2941 and this morning the pair are around 1.3009 with a high of 1.3026 [...]

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