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    The Euro Performed a Three Day Rise

    As the latest signs showed that the outlook for inflation and growth has somehow improved, having pushed the yields for governmental bonds higher, the euro was supported and moved toward its highest three consecutive days appreciation within a period of six years.

    In addition, as the U.S. Treasuries spread narrowed due to the German 10-year yields appreciation to the highest eight months level, the common currency, the euro climbed versus all of its 16 major counter parts, except one.

    On Wednesday, Mario Draghi, the European Central Bank President, stated that later on this year inflation will start getting a momentum.
    At 10:04 a.m. London time, the euro, after escalating during the previous two days by 3.2%, reached $1.1341, thus having strengthened 0.6%.

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