Euro hits fresh 14-month high vs dollar
Published: 14 Oct 2009 16:58:32 PSTNEW YORK, Oct 14 - The euro rose to a fresh 14-month high against the dollar on Wednesday after minutes from the last meeting of the Federal Reserve's policy-setting panel showed officials expect inflation to remain subdued for some time.
The view suggested that U.S. interest rates could remain at rock-bottom levels into next year, dulling the appeal of the dollar versus higher-yielding currencies.
The euro rose to $1.4940, a fresh session high and its highest since August, 2008. It was up about 0.5 percent from late Tuesday in New York, according to Reuters data.
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