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2011.09.1208:38:00UTC+00Euro Strengthens From Fresh 7-week Low Against Canadian Dollar

The European currency that reached its lowest level in more than 7-weeks against the Canadian dollar in late Asian deals Monday reversed direction in early European trading.

The euro is presently quoted at 1.3620 against the Canadian dollar, up almost 0.9 percent from Asian session's fresh 7-week low of 1.35. On the upside, the euro-loonie pair may find resistance around the 1.3720 level.

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