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Apr 29, 2014
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Apr 28, 2014
Apr 28, 2014

Euro firm on safe-haven flow, expectation for inflation uptick

NEW YORK (Reuters) – The euro hit a two-week high against the U.S. dollar on Monday, helped by both safe-haven flows due to the Ukraine crisis and expectations euro zone inflation will show an increase this week, lessening the need for looser monetary policy.

Sterling edged to a 4-1/2 year high against the greenback after flirting with the level for the past month. Improving economic activity and the potential buyout of British drugmaker AstraZeneca (AZN.L: Quote, Profile, Research, Stock Buzz) by U.S. drugmaker Pfizer (PFE.N: Quote, Profile, Research, Stock Buzz) helped the pound. <GBP/>

Apr 26, 2014
Apr 26, 2014
    • About Daniel

      "I'm a New York-based global investment correspondent with over 20 years of experience covering financial markets, business and foreign policy. My current post lets me roam across all asset classes and geography, from the developed to the emerging markets. I've reported and taught business and economic journalism from Asia, Europe, Latin America and the United States. Prior to joining Reuters I was a producer at CNN Business News in New York."
      Joined Reuters:
      1997
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