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Euro Lifts, Dollar Dips, Yen Continues Its Slide

Friday, 24 Feb 2012 | 7:58 AM ET

Risk appetite grows and European Central Bank President Mario Draghi talks tough - it's time for your FX Fix.

The euro got a lift from a successful Italian bond auction, Greek bailout progress, and euro zone economic data. [fxstreet.com]

With stock index futures indicating a risk-on mood, the dollar could fall further after Thursday night's slide. [dailyfx.com]

The yen continued its slide, apparently on selling by Japanese importers. [CNBC]

The Australian dollar rose after upbeat comments from the Reserve Bank of Australia reduced expectations for further interest rate cuts. [CNBC]

European Central Bank President Mario Draghi warned euro zone countries that there is no escape from tough austerity measures. [WSJ]

There is talk the Swiss National Bank is buying euros in an attempt to weaken the Swiss franc. [forexlive.com]

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