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FOREX-Dollar falls vs euro on report on OPEC

Fri Feb 8, 2008 11:57pm IST
 
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NEW YORK, Feb 8 (Reuters) - The dollar fell against the euro on Friday after a magazine report said OPEC may adopt the euro and abandon the dollar when pricing oil.

The article quoted the secretary general of the producer group as saying such a switch would "take time."

The euro rose sharply to a session high of $1.4547 from $1.4500 EUR=, where it was shortly before the report. It then settled back at $1.4515, up 0.2 percent on the day.

(Reporting by Kevin Plumberg, Editing by Chizu Nomiyama)

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