Euro hits new high and trades above USD 1.41

Euro hits new high and trades above USD 1.41
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.