January 25, 2013 / 8:57 AM / 5 years ago

Euro rises to 11-month high versus dollar

LONDON, Jan 25 (Reuters) - The euro hit an 11-month high against the dollar on Friday as investors positioned for a strong German Ifo reading and an announcement on the first repayment of cheap loans from the European Central Bank.

The euro rose 0.4 percent on the day to $1.3432, its highest level since late February 2012.

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