The euro rallied past the psychological level of $1.25 against the U.S. dollar on Thursday, marking a new high since December 2014. The move happened while the European Central Bank, which left interest rates unchanged on Thursday, held its news conference. ECB head Mario Draghi’s mention of the strong eurozone economy helped propel the shared currency higher. Comments that the currency required monitoring given the potential of uncertainty from exchange rate volatility didn’t knock the euro’s ascend. One euro last bought $1.2513, compared to $1.2410 late Wednesday.
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