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| Version 0 | Version 1 |
|---|---|
| Dollar increases against the euro | Dollar increases against the euro |
| (10 minutes later) | |
| The dollar has climbed back towards a six-month high against the euro, as continuing fears about the European economy hit the single currency. | The dollar has climbed back towards a six-month high against the euro, as continuing fears about the European economy hit the single currency. |
| Ahead of a key German survey of business sentiment due out later on Tuesday, the dollar strengthened to $1.4717 against the euro. | Ahead of a key German survey of business sentiment due out later on Tuesday, the dollar strengthened to $1.4717 against the euro. |
| Against the pound, the dollar was trading at $1.8468, just below a two-year high versus sterling. | Against the pound, the dollar was trading at $1.8468, just below a two-year high versus sterling. |
| The latest German survey may show more signs of a possible European recession. | The latest German survey may show more signs of a possible European recession. |
| Deteriorating outlook | Deteriorating outlook |
| The US currency has benefited as the economic outlook has darkened in both mainland Europe and the UK. | The US currency has benefited as the economic outlook has darkened in both mainland Europe and the UK. |
| Investment guru Warren Buffett said last week that he had no bets against the dollar - underscoring the currency's strength. The fall in the euro and sterling could help European exporters whose goods will now be cheaper overseas. | Investment guru Warren Buffett said last week that he had no bets against the dollar - underscoring the currency's strength. The fall in the euro and sterling could help European exporters whose goods will now be cheaper overseas. |
| But it will hurt holidaymakers who have benefited from a strong pound when travelling to countries which use the dollar. | But it will hurt holidaymakers who have benefited from a strong pound when travelling to countries which use the dollar. |
| While the dollar resumed its rises on Tuesday, oil prices also gained. | |
| US light crude was up 24 cents to $115.35 a barrel, while London's Brent gained 46 cents to $114.49. |