The common currency ticked up on light buying back after Europe's inability to contain Ireland's debt woes had knocked it down 1.9 percent to as low as $1.3359 on electronic platform EBS.
German Chancellor Angela Merkel said the euro was in an "exceptionally serious" situation. Investors took aim at Spanish government bonds on Tuesday, driving the premium over German benchmarks to a euro lifetime high after Madrid was forced to pay a high cost to sell short-term bills.
For more: Euro licks wounds, finds support for now | Reuters
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