The euro extended its rally today as the concerns that the troubles in Europe would slow the global economic recovery eased and the risk sentiment among the investors improved.
The economic growth in the U.S. and Asia weakens the impact of the European crisis on the global growth. The MSCI World Index of global stocks gained 0.3 percent, the fourth consecutive increase.
EUR/JPY traded at 111.17 as of 9:58 GMT today after opening at 110.74. EUR/USD traded near its opening level of 1.2122.
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