5 June 2001, 09:30 Euro resumes losses as ECB intervention is nixed
New York, June 4 (BridgeNews) - The euro tumbled back down on selling
interest out of the Middle East, barely avoiding matching Friday's
six-month low of 84.31 cents to the dollar. Eurogroup Chairman Didier
Reynders and Austrian Finance Minister Karl-Heinz Grasser added to the
selling pressure by saying that the European Central Bank does not see the
currency level as an inflation threat.
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