Euro rises to 2-month high on German bund sell-off
London
THE euro rose towards a recent two-month high against a softer dollar on Wednesday, underpinned by rising German 10-year bund yields that hit their highest this year and narrowed the gap over US Treasuries.
It was also helped by business surveys that pointed to a solid pick up in eurozone activity and news that Greece made a 200-million-euro (S$300.47 million) interest payment to the International Monetary Fund that fell due on Wednesday.
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