Italy raises the prospect of intervention on euro
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There had already been an attempt to stabilise the euro at $1.20, he was reported as saying.
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The euro climbed to a new record high level of 1.3021 dollars as markets remained concerned by the large US current account and budget deficits.
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The euro hit a new record high of 1.3063 dollars, beating its previous record of 1.3047 set a day earlier.
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The European Union&#39;s top monetary official said Tuesday he was concerned over Italian budget deficit figures, only a week after Greece was challenged over alleged sloppy bookkeeping and possible underreporting of its deficit to present a rosy economic
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NEW YORK, December 27  - The euro touched new highs against the US dollar and the Japanese yen today as any intervention by the European Commercial Bank to check the 12-nation currencyâs strength seemed unlikely.
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The ECB is likely to raise interest rates in a regular monthly policy meeting scheduled on Thursday. The key rate that is now at a historic low of 2% will probably be raised to combat inflationary pressures.
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The dollar rose against the yen and the euro in London on expectations the Federal Reserve will lift interest rates tomorrow and signal it plans further increases.
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Will the European Central Bank intervene in the world&#39;s currency markets to put a lid on the euro? It has become a tantalizing prospect for many Europeans, who are nervous
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The euro inched up to a 20-month high against the dollar and touched its highest level ever versus the yen on Monday, boosted by expectations that the European Central Bank will boost interest rates this week.
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The euro hit a new all-time high against the U.S. dollar, trading above $1.40 for the first time since the common European currency was introduced.
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Finance ministers from the 12-nation eurozone are to meet for talks clouded by the euro's record surge against the US dollar, which is adding to high oil prices in threatening Europe's fragile recovery.
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Euro zone finance ministers on Tuesday stepped up pressure on the United States to show its strong dollar policy was more than just rhetoric, asking
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Changing currencies is Poland's next huge task, but officials say embracing the euro will offer the country an opportunity to knock economic policies into shape.
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The euro rose to within half a cent of a record high against the dollar after European finance ministers failed to ask the European Central Bank to sell the currency to stem its advance.
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NEW YORK The dollar firmed against the euro on Tuesday, finding support from a growing chorus of European officials expressing concerns over the rapid ascent of their currency.
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When the euro was launched in 1999, politicians in the single currency area predicted it would come to rival the dollar as an international currency.
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The euro rose to a record for the seventh time this month against the dollar amid speculation the European Central Bank will refrain from attempting to stem the currency&#39;s appreciation.