LUXEMBOURG: Seeking to cool the euro's soar toward a 14-month high, the European Central Bank and the 16 nations that use the euro said Monday that they supported a strong dollar.
The euro rose to $1.4967 in Monday trading, just shy of a 14-month high of $1.4967 hit last week, as investors expected strong earnings news from U.S. companies this week - which could see them shift funds from safe-haven dollar investments to riskier but more profitable stocks.
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