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Japan's Nikkei falls for the third straight week

Japan's Nikkei index fell on Friday to post its third straight weekly loss after a Spanish bond auction failed to extinguish fears of a renewed euro zone debt crisis, but a weaker yen offered support.
Euro at 1.30 is not weak; UBS expects 1.20

Stephane Deo, chief European economist, UBS AG spoke to CNBC-TV18 about the outlook for euro and the European markets.

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