Economic news

Review: Euro surges on German steady economic growth

The euro was flat on Wednesday at $1.1787 after soaring 1.1 percent overnight to a 2-1/2-week high of $1.1805 as data showed Germany’s economy accelerated in the third quarter.

The dollar index slumped about 0.7 percent overnight. It last traded at 93.870.

The greenback dipped 0.2 percent against the yen at 113.230 yen after retreating from a peak of 113.910 the previous session.

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