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Japanese economy ‘starting modest recovery’

Upbeat assessment of the economy by the Bank of Japan comes as it leaves its huge monetary easing programme unchanged

By Richard Nehme | July 12, 2013 10:34 BST
Euro continues to benefit from weaker USD
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International news

EUR/USD recently suffered a three-month low at $1.2760 against the dollar caused by misstatements from Joerg Asmussen, a member of the European Central Bank’s Governing Council. He stated that the central bank would continue to keep interest rates low for a period of time spanning over 12 months, a statement that was later contradicted by the ECB. This pairing peaked at 1.3144 in early morning trade with the low at 1.3006 [...]

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