Monday, May 21, 2012
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Dollar/yen slips to 3-week low, technicals look weak

The euro won a slight reprieve on Tuesday, though it was still dogged by worries over debt problems in the euro zone, while the dollar slipped to a three-week low against the yen after breaking below key chart levels.

Although the euro drew some support in skittish trade from hopes that Ireland will pass an austerity budget later in the day, it remained vulnerable with European policymakers bickering over how to tackle the region's debt crisis. more

 

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