Five-year-old euro comes of age

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"There’s a change in the view on the euro because the underlying situation has changed -- it was negative for a couple for years and it has definitely improved over the past year," said Tony Norfield, global head of FX research at ABN Amro in London.

"There are the beginnings of the euro being in a position where it could challenge the dollar, although it is still a long way off from doing that."

David Mann, economist at Standard Chartered Bank in London, said: "The euro has certainly gained a

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