Euro up slightly to $1.38 as G-20 meets

BERLIN: The euro is slightly higher against the dollar as global leaders prepare to tackle a deadlock on how to fix the economy at the Group of 20 summit.

The euro bought $1.3800 in Thursday morning European trading _ up from $1.3782 in New York late the previous day. It clawed back some of Wednesday's losses, caused by hints of improvement in the U.S. economy and worries over Europe's debt troubles.

The British pound rose to $1.6161 from $1.6115, extending gains after the Bank of England Wednesday forecast inflation would fall below its 2 percent target in two years, but stay above that through 2011.

The dollar edged up to 82.21 Japanese yen from 82.13 yen. Global economic tensions have fueled uncertainty in markets ahead of the G-20.