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Tue 02 Feb 2010Euro near eight-month low against US dollar

THE EURO remained near eight-month lows versus the dollar on world currency markets yesterday, as investors continued to fret about debt problems in Greece, Portugal and Spain.

The single currency fell to $1.3583 on Friday and recovered a little to $1.3683 yesterday as sentiment toward the euro soured because of increasing concern over the fiscal difficulties in Greece and its consequences for the future of the euro zone.

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