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Euro piles pressure on US and UK currencies

The euro extended its bull run yesterday, jumping to record levels against the beleaguered dollar and the pound after European Union officials announced that inflation in the 15-nation currency zone reached its highest level in 16 years.

The euro extended its bull run yesterday, jumping to record levels against the beleaguered dollar and the pound after European Union officials announced that inflation in the 15-nation currency zone reached its highest level in 16 years.