EURO leap

The euro leapt above 1.48 dollars in choppy trade on Tuesday as
dealers digested a mixed German investor confidence survey, while the
British pound fell on news of sliding inflation. In late morning
trading here, the European single currency fell as low as 1.4762
dollars after publication of Germany's ZEW survey, before jumping as
high as 1.4833 dollars. The euro later pulled back to 1.4827 , up
from 1. 4771 dollars late in New York on Monday. Against the Japanese
currency, the dollar firmed to 89.91 yen from 89.85 yen on Monday.
In commodity trade, gold hit a record high 1 ,066. 76 dollars an
ounce. The weak greenback makes the precious metal cheaper for
investors holding other currencies.