Economic news

Review: Euro hits $1.20 on firm euro zone investor confidence

The euro soared above $1.20, its highest in over two and a half year on Tuesday as the euro area's economy improves.

The common currency edged up 0.4 percent in early trading to $1.2029 against the greenback.

The pound has slumped to €1.080.

Geopolitical news, such as North Korean missile launch over Japan, has had no impact on euro's recent strength.

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