Euro up after two-week low

<p>The euro was up in forex trading after a two-week low today. </p>

The euro was steady in forex trading this morning (February 11th) as the currency edged up from a two-week low.

According to the latest data, the euro briefly touched US$1.3325 in Asian trade to extend a sell-off that saw the currency shed around 2.5 per cent last week, reports Reuters.

Since then, the currency has steadied to remain little changed at around $1.3370.

Earlier, analysts had not predicted much new from a meeting for eurozone finance ministers later in the day, though markets are expected to be on watch for discussion on the strength of the euro ahead of a G20 conference later this week.

Lee Hardman, currency analyst at Bank of Tokyo-Mitsubishi, said: "The euro has stabilised at lower levels following last week's verbal intervention from ECB President Draghi, which was a subtle attempt to dampen the pace of euro appreciation in the near term."

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