Euro climbs to session high versus dollar

NEW YORK Mon Apr 16, 2012 10:49pm IST

People are reflected on an electronic board displaying exchange rates in a business district in Tokyo February 27, 2012. REUTERS/Toru Hanai

People are reflected on an electronic board displaying exchange rates in a business district in Tokyo February 27, 2012.

Credit: Reuters/Toru Hanai

A statue of Ganesh, the deity of prosperity, is carried in a taxi to a place of worship on the first day of the ten-day-long Ganesh Chaturthi festival in Mumbai August 29, 2014. REUTERS/Danish Siddiqui

Ganesh Chaturthi Festival

During Ganesh Chaturthi idols will be taken through the streets in a procession accompanied by dancing and singing, and will be immersed in a river or the sea in accordance with Hindu faith.  Slideshow 

NEW YORK (Reuters) - The euro climbed to the session high against the dollar, recovering from a two-month low earlier in global trading after it did not breach key technical support levels.

In mid afternoon New York trading, the euro last changed hands up 0.1 percent at $1.3086, after climbing as high as $1.3093. Earlier it dropped to a two-month trough of $1.2993.

Stop-loss euro sell orders were reported below $1.2970, but near-term support was seen at $1.2955, around the 61.8 percent retracement of the euro's climb from the January low to the February peak.

With the euro not testing those levels, some buyers stepped in.

(Reporting By Nick Olivari; Editing by Padraic Cassidy)

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