Asian shares eased and the euro
remained under pressure on Thursday as investors fretted over the euro zone
after a weak debt auction in Italy and the potential for a run on Cyprus’s
banks when they reopen later in the day.
The euro was at USD 1.2777, hovering near a
four-month low of USD 1.2750 touched on Wednesday, and was down 0.1 percent
against the yen at 120.47, after hitting a one-month low of 119.945 the day
before.
The dollar stood near Wednesday’s 7-1/2-month peak
of 83.302 against a basket of major currencies, helped by the weakness in the
euro, which also suffered from further evidence of growth deterioration in the
common currency bloc.
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