Euro gets boost from US consumer confidence
The euro climbed against the dollar on Friday on the back of rising US consumer confidence even as ministers at the G20 summit stressed the importance of a strong dollar for the world economy.
"A strong dollar is very important to the United States," US Treasury Secretary Timothy Geithner said at a meeting with Japanese Finance Minister Hirohisa Fujii on the sidelines of the G20 talks in Pittsburgh.
The yen also rose against both the dollar and the European single currency after Japan's new finance minister said on the sidelines of the summit that Tokyo did not intend to intervene to weaken the Japanese currency.
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