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Euro recovers to trade higher against the dollar

NEW YORK, July 27 | Fri Jul 27, 2012 9:08am EDT

NEW YORK, July 27 (Reuters) - The euro recovered to trade higher against the dollar o n Friday as investors digested the implications of a report showing U.S. economic growth slowed as expected in the second quarter as consumers spent at their slowest pace in a year.

The euro was last up 0.2 percent at $1.2300.

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