Euro bounces back against the dollar

The euro bounced back above $0.90 today for the first time in two weeks.

The euro bounced back above $0.90 today for the first time in two weeks.

The single European currency climbed to $0.9020 from $0.8976 overnight in New York. The dollar was losing some of its shine amid turmoil in equity markets, analysts said.

The euro-zone unit also benefited from yen weakness after the Japanese government delayed an economic package aimed at supporting the stock market and speeding up a clear-out of the banking sector, analysts said.

AFP

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