Channelnewsasia.com: Dollar gains as central European currencies plunge

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The dollar gained against the euro on Monday as currencies in central Europe were hit by a sharp fall that analysts said was due to the high levels of debt in those countries. The euro was trading at 1.2767 dollars late on Monday in London compared to 1.2856 dollars late on Friday. Note EU-Digest: the euro presently (February 17) stands at 1.26 versus the dollar.