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NEW YORK: The dollar continued to hammer the euro and British pound on Friday, amid continued concerns about the Greek debt crisis and the robustness of Britain's economic recovery.
The euro fetched 1.3530 dollars by 2130 GMT, down from 1.3603 dollars late Thursday, in the second straight day of heavy losses for the single European currency.
The dollar was up against the Japanese currency at 90.54 yen, versus 90.39 late Thursday.
"Uncertainties stemming from the pending Greek bailout have sent the euro sharply lower for the second straight day," said Kathy Lien, director of currency research at Global Forex Trading.
Splits between France and Germany over the desirability of an International Monetary Fund bailout for Greece continued to weigh on the euro, ahead of a key European Union summit March 25-26.
CMC Markets analyst Michael Hewson said some "misplaced optimism" about an EU bailout package for Greece was starting to ebb away, sending the euro lower.
The dollar also posted gains against the British pound, which bought just 1.5013 dollars, versus 1.5243 dollars in late trades Thursday.
"The British pound extended the previous day's decline and slipped to a low of 1.5129 during the European trade as the Bank of England continued to see a risk for a double-dip recession," said David Song a currency analyst with DailyFX.com
The dollar rose to 1.0613 Swiss francs, versus 1.0579 on Thursday. - AFP/de
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