Euro rises above $1 mark in trading

GERMANY - The euro rose above a dollar Tuesday and hit its highest level against the U.S. currency in more than three months amid fears that the U.S. economic recovery may be faltering.

The euro, trading early Tuesday around 99.7 cents, spiked up to $1.0038 in morning trading in Europe and held most of its gains by late afternoon, when it stood at $1.0022, Reuters reported.

Tuesday's was the highest level since late July, when it rallied to a 2.5-year high of $1.0124. The latest rally was stron

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