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Summary The euro dropped towards recent lows with the delay to the next tranche of Greek bailout funds.
Euro drop 0.5 percent against the US dollar and 0.6 percent against Japanese yen in the international market.Fear of economic meltdown and delay in the release of the next tranche of Greek bailout package undermined confidence in the common currency.The US dollar is gaining value against European and Asian countries in the backdrop of European financial crisis.The crude oil prices are on the decline as dollar is gaining strength.
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