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FRANKFURT, Germany (AP) - The euro and the pound recovered some strength in afternoon trading Friday, buoyed by mixed economic reports from the United States and no surprise interest rate decisions this week.
The 13-nation euro traded as low as $1.3460 in morning trading before rebounding to $1.3523, compared with the $1.3508 it bought in New York late Thursday. But the euro remained more than 1 cent off its all-time high of $1.3682 set April 27.
The euro slipped after the ECB on Thursday, as expected, held off on any rate increase, but appeared to set the stage for a rise in June when Bank President Jean-Claude Trichet called for strong vigilance.
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