Euro Trades Close To $1.50

Euro Trades Close To $1.50

The euro crept higher on Monday after striking a series of historic peaks close to 1.50 dollars last week as dealers worried about the health of the US economy.

The European single currency stood at 1.4865 dollars, compared with 1.4836 late in New York on Friday.

The euro has struck an historic 1.4967 dollars on Friday. The dollar has since rebounded slightly, boosted by a rebound on Wall Street late last week after a busy start to the US holiday season, dealers said.

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