Euro Pulls Closer to $1.38 in Europe
The euro clawed closer to $1.38 on Thursday, briefly hitting new highs against the dollar, though German and Portuguese officials brushed aside concerns over the currency's strength.
The 13-nation currency peaked $1.3797 before settling back to $1.3793 in late morning trading in Europe. That exceeded its previous record, set early Wednesday, of $1.3784, and compared with the euro's rate in New York late Wednesday of $1.3761.
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