Information Channel

Local Time: 5/9/2010 9:13:49 PM GMT Time: Sun, 5 Sep 2010 19:13:49

Euro holds firm ahead of banking 'stress tests' (7/23/2010)

The euro held firm against other currencies in Asia on Friday as investors took a cautiously optimistic view of upcoming results of "stress tests" of European banks, dealers said.

The euro fetched 1.2910 dollars in Tokyo afternoon trade, up from 1.2886 dollars in New York late Thursday. The single currency traded at 112.34 yen from 112.08. The dollar was selling at 87.01 yen, marginally up from 86.92.

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