LONDON Dec 12 The euro rose to its highest in nearly eight months on Wednesday, with the Japanese currency under broad pressure on talk of more aggressive monetary easing after a likely victory of the Liberal Democratic Party in an election on Sunday.
The euro rose 0.6 percent to 107.975, its highest level since mid-April. Traders cited option barriers at 108 yen and 108.25 yen.
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Opinion polls released after Greece's bailout referendum on Sunday showed the 'No' vote ahead, suggesting voters had defied warnings from across Europe that rejection of the creditors' terms would set their country on a path out of the euro. Full Article