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EC: Forex trends: euro recovers from 9-month low against yen
 
In early European session on Friday, the common currency revealed firmness, climbing to a 2-day high against the dollar and a 3-day high against the pound despite a slide in stock prices. At the same time the euro recovered from a 9-month low against the yen, but it showed choppy trading against the franc.

In early deals, Germany's DAX lost 0.4%, France's CAC 40 index weakened by 0.5% and U.K.'s FTSE 100 index slide by 0.2%.

The euro that fell to 0.8688 against the pound at 3:35 am ET Friday bounced back thereafter. EUR/GBP pair that closed yesterday's trading at 0.8699 rose to a 3-day high of 0.8740 at 4:35 am ET. As of now, the pair is worth 0.8730.

At 4:40 am ET Friday, the euro hit 128.21 against the yen, up from an early Asian session's 9-month low of 126.58. Currently, EUR/JPY pair is trading at 127.91, compared to Thursday's closing value of 127.39.

The euro, which closed Thursday's trading at 1.4085 against the US dollar jumped to a 2-day high of 1.4166 during early deals on Friday. At present, EUR/USD pair is worth 1.4153.

The euro that gained slightly against the Swiss franc in early Asian deals on Friday showed choppy trading in late trading and extended the same trend during early European deals. EUR/CHF pair largely bounced between 1.470 and 1.472. The present quote for the pair is 1.4707, compared to Thursday's close of 1.4693.
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