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LONDON, April 24: The dollar gained on the euro Thursday on speculation the US Federal Reserve might soon call a halt to interest rate cuts and following a disappointing report on German business confidence.
The single European currency, which on Thursday broke through the 1.60-dollar threshold for the first time, was down to $1.5649 in late trade against $1.5882 late Wednesday in New York.
The dollar had meanwhile rose to 104.39 yen from 103.51 en on Wednesday.—AFP
