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Euro Erases Drop Against Yen as ECB's Trichet Predicts Moderate Recovery
The euro erased its decline versus the yen after European Central Bank President Jean-Claude Trichet said the region’s recovery will show a “moderate pace.”
The euro was little changed at 108.21 yen at 1:42 p.m. in London after weakening to 107.46. Trichet also said the ECB will extend unlimited loan offerings into 2011.
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