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Euro higher against dollar at $1.3320

Euro higher against dollar at $1.3320

The euro rose against the dollar Monday as global swine flu fears subsided somewhat, and investors put less emphasis on the safe haven of the dollar.
The 16-nation euro bought $1.3320 in European morning trading, up from the $1.3267 late Friday in New York.
Investor concerns about swine flu seemed to be fading Monday, even though Asia reported its first two confirmed cases of the virus over the weekend _ in Hong Kong and South Korea. Both cases were in people who had recently arrived from Mexico.
Authorities in Mexico, the epicenter of the disease, indicated that the epidemic was easing, and the World Health Organization decided not to raise its alert, though officials warned people against letting their guard down.
Dr. Richard Besser, acting chief of the U.S. Centers for Disease Control and Prevention, said swine flu is spreading just as easily as regular winter flu, but said he was encouraged that "we're not seeing some of the things in the virus that have been associated in the past with more severe flu."
The outbreak had caused some investors to move funds into the safe haven of the dollar in the past days.
In other trading, the British pound also rose to $1.4955 compared with $1.4916 and the dollar rose to 99.50 Japanese yen compared with 99.35 yen late Friday in New York.


Updated : 2021-05-06 20:18 GMT+08:00