4 January 2001, 10:23 Euro recovers moderately against yen and dollar
Hong Kong--Jan. 4--The European single currency staged a moderate
recovery against the yen and dollar in Asia after it dropped sharply on
the back of the U.S. stock market's surge which followed the surprising
rate cut by the Federal Reserve on Wednesday. Euro rebounded against the
yen to 106.15 at one point, partly due to good demand from Japanese trust
banks, while euro recovered to 0.9312 against the dollar.
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