Thursday, May 17, 2012
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FOREX-Euro rises, yen falters; ECB's Trichet awaited

The euro rose against the dollar and yen on Thursday due to a climb in European shares, while expectations that the European Central Bank may upgrade its economic forecasts also supported the single currency. >>

* Euro rises 0.5 pct to day high $1.4348 as stocks gain

* ECB holds interest rates at 1.0 pct; barely moves euro

* Focus on Trichet news conference for hints on econ outlook
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