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The euro strengthened against other major currencies during the European session on Tuesday, coinciding with a rise in European stocks. Brent crude prices fell below $100 a barrel due to signs of resilient Middle Eastern crude exports, and Euro zone bond yields declined, narrowing the spread.
In Wednesday’s European session, the Japanese yen strengthened versus other major currencies amid risk-off mood. European stocks traded higher as concerns over rising oil prices and bond yields surfaced, with Brent pushing toward $95 a barrel.