Sunday, March 29, 2009

FOREX-Euro hits 2-mth high vs yen, 2-1/2 week high vs dlr

LONDON, March 13 (Reuters) - The euro jumped to a two-month high against the yen and reached a 2-1/2 week high against the dollar on Friday, helped by solid gains on equity markets.
Gains against the yen were also helped as the market digested the Swiss National Bank's action to weaken the Swiss franc.
European shares jumped 2 percent .FTEU3 and were on course for a fourth consecutive day of gains, following data showing U.S. retail sales fell much less than forecast in February, which also encouraged investors to pull out of the perceived safety of the dollar.

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