Sterling even against euro, drops versus USD

Sterling was even at £0.6850 against the euro after dropping to a more than 1-year low of £0.6874, while it dropped 0.1 percent to $2.0280 versus the greenback.

The US dollar also traded even in relation to the shared currency at $1.3895.

The yen fell again as investors were more willing to sell the currency to finance carry trades after most global equities markets were higher on the session, and after it was reported that the Japanese government will reduce its economic outlook.

By the middle of the session in New York the yen had dropped 0.9 percent to ¥160.25 in relation to the euro, while it had fallen 1 percent versus the US dollar to ¥115.30 and was down by the same percentage to ¥233.90 against the pound.

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