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On Tuesday morning US trading both the dollar and the pound of sterling reversed its losses. The euro was able to hit $1.3063, but at the same time it reached its lowest in seven weeks against the Japanese Yen, selling at Y124.38.

The pound of sterling hit its highs versus the American dollar, trading at $1.4685. The pound was supported by the government report of sales volumes of British retailers, which in April jumped for the first time since January 2008 to unexpectedly high level.