The battered euro rose on Tuesday, pulling away from a 14-month trough against the dollar, as the greenback eased against other major currencies on profit-taking after a 10-week streak of gains. Bruised by worries about economic growth and loosening European Central Bank monetary policies, the euro on Tuesday got some relief from a business survey showing Germany's economy probably expanded in the third quarter.
The common currency rose to $1.2885, recovering from Monday's 14-month low of $1.2816 and prompting some traders to suspect it might correct higher. The euro's rise stung the dollar index, which shed 0.33 percent. The index last traded at 84.472, having peaked at 84.861 on Monday, a high not seen since July 2010. The dollar also eased 0.2 percent to 108.62 yen, down from a six-year high of 109.46 set on Friday.
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