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Latest Business News

Dollar Strengthens Against Euro

Thursday, June 07, 2007 10:17:22 AM

BERLIN (AP) - Signs that the U.S. economy is improving and boosting job prospects helped move the dollar higher against the euro in Thursday trading in Europe.

The 13-nation euro bought $1.3472 in afternoon trading, down from $1.3506 in New York late Wednesday. The British pound sank to $1.9822 from $1.9928 after the Bank of England held its key interest rate steady at 5.5 percent.

The dollar strengthened to 121.52 Japanese yen from 121.01 yen.


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