LONDON, Oct 17: The euro firmed against the dollar on Wednesday as new economic data put the greenback under pressure and as the foreign exchange market awaits this week’s meeting of G7 finance ministers.
In late European deals the EU’s single currency was changing hands at $1.4207, against $1.4173 late on Tuesday in New York.
It earlier climbed to $1.4230, near to its record level of $1.4283 struck at the beginning of the month, before falling back.
The dollar also fell back to 116.66 yen, against 116.91 yen late on Tuesday.
The dollar came under fresh pressure from the euro after further signs of weakness emerged in the US housing market.
In late European trade Wednesday, the euro changed hands at $1.4207, against $1.4173 late Tuesday, 165.79 yen (165.73), 0.6968 pounds (0.6970) and 1.6792 Swiss francs (1.6761).
The dollar stood at 116.66 yen (116.91) and 1.1825 Swiss francs (1.1821).
