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Updated Friday, March 19, 2010 10:52 am TWN, AFP Euro sinks against dollar on lingering doubt over GreeceIn early morning trade, the European single currency tumbled to 1.3648 dollars. It later stood at 1.3673 dollars, down from 1.3735 late in New York on Wednesday. "All this talk of a bail-out plan had been buoying the euro but the market now seems to realize that talking about a bail-out and delivering one are two totally different things," said CMC Markets analyst Michael Hewson. In Asian trade Thursday, the dollar eased against the yen as investors took a breather after the U.S. and Japanese central banks decided to keep interest rates a record lows. The greenback fell to 90.16 yen in Tokyo afternoon trade from 90.33 yen late Wednesday in New York, where the dollar had recouped an earlier loss from the Federal Reserve's decision to keep the cost of borrowing at rock bottom. Against regional currencies the dollar rose to 1,132.25 South Korean won from 1,128.70 a day earlier, to 1.3938 Singapore dollars from 1.3928, to 9,130 Indonesian rupiah from 9,105 and to 45.63 Philippine pesos from 45.61. The greenback fell to 31.69 Taiwan dollars from 31.72 and to 32.30 Thai baht from 32.36. The euro declined to 1.3684 dollars from 1.3735 dollars in New York, while also dropping to 123.40 yen from 124.05 yen. Subscribe to The China Post and save 25%. Click here |
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