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Euro slips back to $1.3425

Euro slips back to $1.3425

The euro is trading lower against the dollar following promising economic reports from the United States as Europe returns from the Easter break.
The 16-nation euro was down to $1.3425 in early European trading Tuesday from $1.3486 in New York late Monday, when reports showed the U.S. service sector growing at its fastest pace in more than two years and pending home sales rising sharply.
The euro also has suffered recently from persistent concerns over Greece's debt burden.
The pound slipped to $1.5236 from $1.5298 amid uncertainty over the outcome of Britain's upcoming election. Prime Minister Gordon Brown was expected to announce a May 6 poll on Tuesday.
The dollar was lower against the Japanese currency, declining to 93.97 yen from 94.24 yen.


Updated : 2020-12-04 14:01 GMT+08:00