Euro Erases Decline Versus Dollar on Greek Cabinet Support for Referendum

The euro erased a decline against the dollar after a Greek government official told reporters in Athens today that the Cabinet decided to give Prime Minister George Papandreou unanimous backing for his plans to hold a referendum. The euro traded at $1.3704 as of 10:07 a.m. Tokyo time from $1.3637 earlier today and $1.3703 yesterday in New York.

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