August 21, 2012 / 12:51 PM / 5 years ago

Euro climbs to seven-week high against the dollar

NEW YORK, Aug 21 (Reuters) - The euro rallied to a seven-week high against the dollar on Tuesday bolstered by talk the European Central Bank will take action to ease Spanish and Italian borrowing costs.

The euro was last at $1.2453, up 0.9 percent, after climbing as high as $1.2460.

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