Euro rises to 18-month high against dollar

The euro has hit $1.20 for the first time since January 2015 as the prospect of a US interest rate rise recedes. Hurricane Harvey's impact has led analysts to assume the US central bank will not want to risk curbing economic growth and fears over North Korea's activities have unnerved investors. A rise in interest rates tends to draw investors to a currency, taking advantage of the higher returns.
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