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Euro edges higher against greenback
Published Sun, Oct 2, 2016 · 09:50 PM
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New York
THE euro recovered from a nine-day low against the US dollar on Friday on reduced concerns surrounding Deutsche Bank's health, while the greater calm over Germany's biggest lender pressured the safe-haven yen and Swiss franc.
Deutsche Bank's US-listed shares were last up nearly 15 per cent after touching record lows on Thursday. The immediate cause of the Deutsche crisis is a fine, disputed by the bank, of up to US$14 billion by the US…
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