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Euro back above parity, dollar dips after US inflation surges

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Berlin, Aug 10 (Prensa Latina) The euro rose to .0250 following announcement of inflation figures in the United States, which will influence the Federal Reserve´s call in coming September.

The European Central Bank, on the other hand, set euro foreign exchange reference rate at $1.0234, while real exchange rate to US dollar was 1.0227 compared to $1.0206 in the last hours.

The band of fluctuation in which euro moved on Tuesday ranged from $1.0188 to $1.0246. Amid unstable global financial situation, the euro backed parity, a situation that happened 20 years ago for the first time, according to currency market operators.

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