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3/3/09

Zawya: Euro rallies on renewed risk appetite

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Euro rallies on renewed risk appetite

The euro rallied against the dollar and the yen in Asian trade on Tuesday after an Australian decision to leave interest rates unchanged sparked renewed demand for risky assets. The euro rose to 1.2641 dollars in Tokyo afternoon trade from 1.2578 in New York late Monday. The euro gained to 123.30 yen from 122.67. The dollar climbed to 97.54 yen from 97.49.

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