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Euro mixed in Asia after fresh GDP data

Tokyo - The euro was mixed in Asia on Thursday after fresh data showed the troubled eurozone had exited a recession in the second quarter.

The single currency fetched $1.3296 and ¥129.96 against 1.3255 and ¥130.08 in New York on Wednesday.

The dollar changed hands at ¥97.75, compared with ¥98.14 in US trade with retail sales data this week pointing to a still unsteady recovery for the world's largest economy.

Eurozone data showed that the economy of the 17-country bloc grew 0.3% in the three months to June, exiting an 18-month recession.

The zone's biggest economy, Germany, expanded 0.7%, while France grew 0.5%, well ahead of forecasts for just 0.2%.

But stronger industrial output numbers for Europe on Tuesday had already heightened expectations of good growth figures, giving the euro a boost ahead the figures published on Wednesday.

The results "should at least help to support confidence" in the embattled bloc, National Australia Bank said.

Credit Agricole added that the figures "do not call for additional monetary stimulus at this stage".

"But the ECB (European Central Bank) will likely keep its dovish bias and aim to provide more clarity in its communication as the recovery, in the early stages, remains fragile and heterogeneous."

Trading was quite thin in Tokyo with many traders away for a Japanese summer holiday, dealers added.

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