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Euro up as Franco-German pledge boosts risk appetite
Oct 10th, 2011 08:20 by News

10-Oct (Reuters) — The euro rose to its highest in more than a week versus the dollar on Monday, supported by a renewed German and French pledge to unveil a comprehensive plan by the end of the month to rescue the region from a sovereign debt crisis.

However, analysts said the rebound could run out of steam if no concrete euro zone plan emerges in coming weeks, with the risk of renewed bickering between euro zone policymakers seen as a threat to quick decision making.

[source]

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