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Wells Fargo analyst on euroThe US dollar rose against key currencies on Monday boosted by robust retail figures in the United States and ongoing concerns over Ireland's sovereign debt, according to Wells Fargo.
The euro slipped to 1.3582 dollars by 2200 GMT from 1.3696 late on Friday while the dollar rose against the Japanese currency to 83.11 yen from 82.54 yen.
"The euro remains hostage to the ongoing concerns surrounding a possible EU bailout for Ireland," said Wells Fargo analyst Vassili Serebriakov.
The common European currency has been pummelled in recent days amid fears over the debt of smaller economies, mainly Ireland, where the government's rising cost of bond purchases sparked rumours it may need a bailout.
Prime Minister Brian Cowen said on Monday that Ireland is not making an application to the European Union or the International Monetary Fund for funding.
The dollar was further bolstered by data showing US retail sales rose faster than expected in October with the auto sector leading the way.
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