0811 GMT - Drought conditions in Europe could be limiting the euro's gains against the dollar following recent better-than-expected eurozone data and a decent fall in energy prices on hopes for a U.S.-Iran deal, ING's Chris Turner says in a note. Record-low water levels on the Rhine River are restricting inland shipping. "As a pro-growth currency, the global equity rally and buoyant investment trends should be helping the euro," Turner says. The euro could rise to $1.1615-$1.1620 if it manages to rise above $1.1550-$1.1560, he says. The euro is last up 0.1% at $1.1539.
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