Euro hits 1-month high vs dollar on higher oil
TOKYO |
TOKYO May 27 (Reuters) - The euro rose to a one-month high against the dollar on Tuesday as crude oil gained nearly 1 percent and added to concerns about the deteriorating U.S. economy, prompting investors to sell the U.S. currency.
The euro edged up 0.2 percent on the day to $1.5810 EUR= after climbing as high as 1.5819 on trading platform EBS, its highest since late April.
The European single currency rose 0.4 percent against the yen to 163.68 yen EURJPY=R. (Reporting by Rika Otsuka)
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