Euro gets boost

Published January 25, 2008

LONDON, Jan 24: The euro got a boost on Thursday from a stronger-than-expected German business confidence survey as investors looked for direction on interest rates amid worries about a possible US recession.

In late European trade, the euro rose sharply to $1.4735 from $1.4621 in early deals and $1.4629 in New York late on Wednesday.

The dollar was firmer at 106.174 yen, off early lows but still just short of the 106.76 yen level of late Wednesday.—AFP