The euro rallied for the second straight day against the US dollar and rose from a 7-week lows against the yen on Tuesday, bolstered by Irish and Spanish bond auctions that alleviated concerns about heavily indebted eurozone countries. In early New York trade, the euro was up 0.4 percent at $1.2870, with key support at a one-month low around $1.2732 hit on Monday, traders said.
The euro rose to the day's high of $1.2915 after the auction results as stop-losses were hit on the break of $1.2910. The euro rose 0.4 percent against the yen to 109.87 yen erasing earlier losses. The dollar was last little changed at 85.34 yen after sliding to 85.11 yen in Asian trade on electronic trading platform EBS, nearing a 15-year low of 84.72 yen hit last week.
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