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2014.03.0702:32:26UTC+00Euro grasps profits after ECB decision

The euro glided close to a two-month peak versus the US dollar on Friday after an ease rally when the European Central Bank decided not to change its interest rates.

Caution before the closely monitored US nonfarm payrolls due today was seen holding down additional gains. The ECB kept its interest rates on Thursday. In a press conference, ECB President Mario Draghi said the economic conditions in the region did not require a change in monetary policy.

The euro settled at $1.3860, within a stone's throw of a two-month high of $1.3873 reached on Thursday following the ECB decision. The single currency grabbed ¥142.87 after grazing a two-month peak of ¥142.99 on Friday. 

Nonfarm payrolls report, to be released on Friday at 1330 GMT, will possibly show job growth in the United States was sufficient to encourage the Federal Reserve to keep tapering its monetary stimulus. 

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