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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The RBI kept its key lending rate unchanged on Tuesday, leaving the door open for more easing but making that dependent on meeting a challenging inflation target for 2017. Full Article