Euro stabilized as worst credit fears subside

The Euro appears to be relatively stable this week, with a current rate of $1.2304. It actually reached a Wednesday morning (June 16) high of $1.2355 before receding a bit in the mid morning trade.
At its high point for the day, the Euro was up nearly five pips over its long-term low of $1.1876 which it saw just one week ago. The major credit crisis that has affected some of Europe’

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