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Euro rises after ECB keeps rates unchanged

February 20. 2013 1:34AM
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(AP) The euro is rising against the dollar after the European Central Bank left its benchmark interest rate unchanged at a record low 0.75 percent.

ECB President Mario Draghi says that all members of the central bank's policy committee agreed to keep rates unchanged. He also says he expects the economy in the 17-country bloc that uses the euro to recover in late 2013.

The euro rose to $1.3236 in afternoon trading from $1.3053 late Wednesday.

The British pound rose to $1.6137 from $1.6016.

The dollar fell to 0.9144 Swiss franc from 0.9260 Swiss franc.

The dollar rose to 88.15 Japanese yen from 87.75 Japanese yen.

Associated Press

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