Eur/usd - 1.3977 ... European Central Bank Governing Council member Ewald Nowotny said Europe could return to growth rates of 2-3% after 2011. However, Nowotny indicated that the downturn was not over yet as growth would only be feeble with unemployment in the eurozone possibly rising to more than 10%. German Finance Minister Peer Steinbrueck said the Germany's Central Bank could be used to buy up corporate bonds to help ease a squeeze on credit markets. The single currency rose to as high as 1.4008 after the release of better-than-expected U.S. jobless claims data n then retreated to 1.3947 on profit-taking. Offers are now noted at 1.4000/05 with sizeable stops are tipped at 1.4050/55. On the downside, bids are reported at 1.3945/50 n 1.3910/15.
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