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06.10.2011 17:53

American focus: euro strengthened, franc dropped

The euro strengthened against the dollar and yen on speculation a reintroduction of loans to banks by the European Central Bank will buoy crisis-ridden markets. 
The 17-nation currency weakened earlier as ECB President Jean-Claude Trichet said the region’s economy is facing “intensified downside risks.” The pound fell after the Bank of England unexpectedly expanded its bond-purchase plan. 
The franc dropped for a third day against the euro on speculation the central bank will impose further measures to contain its strength after imposing the cap last month at 1.20 per euro. 

06.10.2011 18:19

European stocks close

06.10.2011 16:54

U.S. stocks rose

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