Euro climbs to over $1.25
Berlin - The euro rose above US$1.25 on Thursday, reaching its highest level in more than seven months as the US Federal Reserve chairperson appeared to pave the way for a pause in a string of interest rate hikes. The 12-nation euro bought $1.2530 in late European trading, up from $1.2452 late on Wednesday in New York, but off a high for the day of US$1.2547. It was last at a similar level on September 6 last year, when it bought $1.2538. The British pound gained to $1.8020 from $1.7850. The dollar also slid against the Japanese currency, falling to ¥113.98 from ¥114.74.
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