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Monday, January 20, 2014

Euro rose from lows of two months .



Euro rose from lows of two months .

The euro was slightly higher than two-month low against the dollar on Monday , rising interest rates boosted the long -term market , although there is speculation the European Central Bank may take steps to limit gains .

After penetrating the support at 1.3550 dollars on Friday , the euro fell in Asian trade Monday to its lowest level since Nov. 25 at 1.35080 dollars .

However , then crawl recovered and gained 0.1 percent to 1.3560 in trading on the London market , according to Reuters .

Her off the U.S. market has limited volume .

The single currency weakened at the end of this month due to factors such as reduced withdrawal of assets by euro zone banks . Speculation the ECB will ease monetary policy further even through the overnight lending rate hikes have failed to lift the euro .

" We think that the main drivers of performance - less euro recently is the development of market expectations about the ECB's actions to tightening of money market conditions , " said Valentin Marinov from Citi told Reuters .

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