<img src=" http://www.joplinglobeonline.com/images/zope/friday.gif" border=0> Euro up to $1.4873 in European trade

Water company cites reconnections

The May 22 tornado has caused a dramatic drop in water usage for the Missouri American Water Co., but things are starting to turn around — one reconnection at a time.

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November 13, 2009

Anonymous The Joplin Globe Fri Nov 13, 2009, 08:30 AM CST

FRANKFURT (AP) — The euro was slightly higher against the dollar Friday after Germany reported that growth in its economy, Europe’s biggest, accelerated in the third quarter.

The 16-nation euro bought $1.4873 in European morning trade, up from $1.4866 late Thursday in New York.

The British pound climbed to $1.6638 from $1.6570, while the dollar slipped to 90.28 Japanese yen from 90.32 yen.

The German economy booked quarter-on-quarter growth of 0.7 percent in the July-September period, official data showed — up from 0.4 percent in the second quarter, when it emerged from recession.

“The German third-quarter GDP figures, released earlier this morning have already sent a comforting message to the markets,” Calyon Credit Agricole analysts said in a research note.

Wider eurozone figures due later in the day should show an exit from recession and may “encourage some flows back into the euro,” they added.

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