The EUR/USD is up as short-covering continues amid continuing expectations for some measures to stabilize markets at a teleconference of G-7 finance ministers later, says a senior dealer at a major Japanese trust bank. Initial gains in the pair hit stop-loss buying orders around 1.2510, he adds. The pair is at 1.2540 from 1.2505 before the latest rise; it could rise to 1.2600 later, the dealer says.
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