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2010.07.1914:53:00UTC+00Euro Eases From Early Highs Against Most Majors

The European common currency eased from early morning session's upward trading against most major opponents during New York afternoon deals on Monday. After hitting more than a 1 1/2 -month high of 0.8534 against the British pound at about 11:00 am ET, the euro reversed its direction, thereafter. At present, the euro-pound pair is trading at 0.8507.

The euro that hit a multi-week high of 1.3674 versus the Swiss franc by about 10:15 am ET, traded lower in today's afternoon session. Currently, the euro is worth 1.3623 versus the franc.

The European single currency also declined against its US and Japanese counterparts in New York afternoon deals today. At present, the euro is trading at 112.28 against the yen and 1.2946 versus the greenback from previous session's highs of 113.07 and 1.2993, respectively.

Copyright(c) 2010 News.com, Inc. All Rights Reserved

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