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05 June 2001 09:30  Euro resumes losses as ECB intervention is nixed


New York, June 4 (BridgeNews) - The euro tumbled back down on selling interest out of the Middle East, barely avoiding matching Friday's six-month low of 84.31 cents to the dollar. Eurogroup Chairman Didier Reynders and Austrian Finance Minister Karl-Heinz Grasser added to the selling pressure by saying that the European Central Bank does not see the currency level as an inflation threat.
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