Source AP ©

Euro hits new high and trades above USD 1.41

The euro kept up its unassailable march toward greater altitudes on Friday, breaking through US$1.41, and setting a new high, a record analysts said is likely to be broken again and again.

The common currency of the 13-nation euro zone, a bloc of countries with more than 317 million residents and more than 15 percent of the world's gross domestic product, surged to US$1.4119 in morning European trading before falling back slightly to US$1.4081, still higher than the US$$1.4076 it bought in late New York trading.