Euro pares gains on media reports of ECB currency concerns

LONDON Wed Feb 13, 2013 7:57am EST

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LONDON Feb 13 (Reuters) - The euro pared gains on Wednesday, coming off highs with traders citing a media report that the European Central Bank was worried euro strength would hurt a recovery in highly indebted euro zone states.

The euro dropped to around $1.3481 from $1.3511. However, it remained up more than 0.2 percent on the day, having earlier jumped above reported stop loss buy orders at $1.3500 to hit a high for the day of $1.3520.

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