Euro climbs to session high versus dollar
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)
- Tweet this
- Share this
- Digg this
- Short-cut to produce hydrogen seen as step to cleaner fuel
- UPDATE 5-Protesters fell Lenin statue, tell Ukraine's president 'you're next'
- Dynasty's Congress party punished in state elections
- Anti-corruption crusader Kejriwal stuns Indian politics with election surge
- BREAKINGVIEWS-WTO's small victory saves it from irrelevance
The Congress party was headed for a bruising defeat in key state elections, including in the capital, early results showed on Sunday, underlining the struggle it will face to cling to power in a national election due by May. Full Article