Euro surges to historic high of 1.3698 dollars
Afp, London
The euro raced to an all-time peak of 1.3698 dollars on Tuesday, as investors snapped up the European single currency amid high eurozone interest rates and concerns over the US economy, dealers said. The single currency beat its previous record peak of 1.3682 dollars, set on April 27, ahead of Tuesday's key economic speech from US Federal Reserve chairman Ben Bernanke. "There is speculation that the Fed may question the health of the US jobs market ... is the market holding up as well as recent data suggests?" said Audrey Childe-Freeman, analyst at the Canadian Imperial Bank of Commerce.
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