12 June 2001, 09:35  Dollar firms as weak fundamentals haunt euro, yen

New York, June 11 (BridgeNews) - The advantage of relatively better fundamentals vaulted the U.S. dollar higher against the European currencies and the yen. The Japanese GDP dropped 0.2% in the first quarter, dragging that economy to the brink of recession. A warning that the euro zone GDP growth this year could come in below the 2%-2.5% range forecast by the European Central Bank helped sink the euro to a 6 1/2-month low of 84.11 cents to the dollar.

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