The Euro Rises As Greece Is Set To Cut Its Deficit By More Than Expected

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03-03-2010, 06:23 AM

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The Euro Rises As Greece Is Set To Cut Its Deficit By More Than Expected

The euro rose against the greenback after the Greek government said it will announce new deficit cuts tomorrow, increasing speculation that a solution to its debt crisis may be nearing. Euro-dollar 'made a marginal new low this morning and has so far not sustained the move,' Citigroup Inc. technical analysts...

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