Hopes of tackling budget deficit in Greece sap demand on refuges  

09 February 2010 @ 09:48 am EDT

The Japanese yen and U.S. dollar trimmed their last week gains on hopes the EU during their summit next week will put measures to help Greece to rein in their budget deficit. The optimistic news spurred demand on higher-yielding assets, especially the euro. The dollar index, a gauge of the dollar's strength versus a basket of major currencies, slipped below strong support at 80.07 to 79.98 from the day's opening at 80.41.

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