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FOREX-Euro breaks above $1.52 for first time

Thu Feb 28, 2008 10:45pm IST
 
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NEW YORK, Feb 28 (Reuters) - The euro rose above $1.52 on Thursday for the first time in its nine-year history as investors bet that U.S. interest rates are set to fall further even as Europe's benchmark rate stays unchanged.

The euro EUR= rose as high as $1.5204, according to Reuters data, before retreating to 1.5201. (Reporting by Nick Olivari; Editing by James Dalgleish)

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