Reuters: US Dollar Report: Euro pares losses vs dollar after Spain bank test result

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Euro pares losses vs dollar after Spain bank test result Sep 28th 2012, 16:13 NEW YORK, Sept 28 | Fri Sep 28, 2012 12:13pm EDT NEW YORK, Sept 28 (Reuters) - The euro pared losses against the U.S. dollar on Friday after news of Spain's bank stress test emerged. Spain's banks would need 59.3 billion euros ($76.3 billion) in extra capital to ride out a serious economic downturn, an independent audit of the country's 14 main banks by consultancy Oliver Wyman showed on Friday. The euro rose as high as $1.2868 and last traded at $1.2864, down 0.4 percent on the day.

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