Euro up versus USD, yen

The euro gained in relation to the US dollar and the yen on Thursday on comments from a European Central Bank official and on reports that German business confidence was higher in a new survey.

At the same time, the dollar weakened on a decline in existing home sales in December and while the yen was hurt as some investors returned to risk.

At just after 1 p.m. in New York, it cost $1.4730 to buy a euro and the shared currency was trading at ¥157.1396 to the euro.

The US dollar also declined against the pound to $1.9705 to the pound, while it saw bigger drops in relation to the Brazilian real and the Norwegian krone.

It took R$1.7860 or kr5.4390 to buy a dollar.

The pound gained on the dollar, the yen and the euro.

The greenback traded at $1.9705 to the pound while the yen was at ¥210.2181 to the pound and the UK currency traded at 74.75p to the euro.

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