Euro rebounds as US dollar pauses for breath

London

THE euro rose against the US dollar for the first time in two weeks on Thursday, recovering from a slump to a 12-year low in Asian trading as the greenback took a pause from its broad upward surge.

However, traders said that the euro's gains would prove short-lived, with many expecting the common currency to fall to parity with the US dollar in coming months for the first time since 2002. Both technical indicat…