Euro closer to 1.50 dollars | The Daily Star
11:00 PM, October 20, 2009 / LAST MODIFIED: 11:00 PM, October 20, 2009

Euro closer to 1.50 dollars

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The euro came within spitting distance of 1.50 dollars Tuesday, a level last seen 14 months ago, as the prospect of low US interest rates for some time reduced the greenback's appeal.
The European single currency touched 1.4994 dollars in Asian trading hours, reaching the highest level since August 2008.
Later in London deals, the euro stood at 1.4975 dollars compared with 1.4962 dollars late in New York on Monday.
The dollar fell to 90.31 yen from 90.56 yen late on Monday.
The euro, "while tantalisingly close, has lacked the incentive to push through the psychologically important 1.50 level," said Jane Foley, analyst at currency traders Forex.com.

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