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Originally published Wednesday, September 8, 2010 at 12:06 PM

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Euro slides to $1.2693

The euro has slipped back below $1.27, giving up slight gains it made thanks to a relatively successful bond auction in Portugal.

The Associated Press

BERLIN —

The euro has slipped back below $1.27, giving up slight gains it made thanks to a relatively successful bond auction in Portugal.

The euro bought $1.2693 in Thursday morning European trading, down from $1.2724 in New York late Wednesday.

Strong investor interest in Wednesday's Portugese auction helped assuage concerns over the indebted country. Meanwhile, Ireland said it would split its most troubled financial institution, Anglo Irish Bank, as part of efforts to reassure lenders.

Still, data showing German industrial production rose 0.1 percent on the month in July were disappointing.

The British pound slid Thursday to $1.5437 from $1.5480. The dollar declined to 83.64 Japanese yen from 83.98 yen - still above a 15-year low of 83.35 yen on Wednesday.

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