Improving investor sentiment on Thursday was triggered by China’s stock market recovery, in turn prompting investors to back away from the yen, weakening it (¥121.40) from its four-week highs against its regional rivals. Meanwhile, the euro was relatively steady against the U.S. dollar (€1.1050) as market participants wait to see if Greece’s last-ditch proposal to its European creditors for aid will be accepted or rejected over the coming weekend.
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