Jan. 8 (Bloomberg) -- The euro pared its gains against the dollar.

The euro was at $1.4705 as of 8:13 a.m. in London, after earlier rising to $1.4736. It was at $1.4696 in New York yesterday.

To contact the reporter on this story: Lukanyo Mnyanda in London at lmnyanda@bloomberg.net

Last Updated: January 8, 2008 03:16 EST