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Euro Maintains Firm Tone on EU Joint Recovery Fund, Yen Soft

Wednesday, 20 May 2020 08:54 WIB Euro

The euro held firm on Wednesday, basking in the afterglow of a Franco-German proposal for a common fund that could move Europe closer to fiscal union. The dollar also edged higher against the safe-haven yen to edge near a five-week high though it was capped by renewed scepticism on coronavirus vaccine developments. The euro stood flat at $1.0924, having hit a two-week peak of $1.09755 in European trade. The common currency also fetched 1.0615 franc, after rising almost 1.0% so far in the week against the safe haven currency while against the yen, it stood near five-week highs of 118.20 yen. Source : Reuters

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