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
Trending On Reuters
India has put security agencies on nationwide alert for a militant strike in the lead-up to a visit by U.S. President Barack Obama next month, citing an assault on a Pakistani school this week as a warning signal. Full Article
Supreme Court defers verdict on Sahara plea to raise more debt on hotels Full Article
ADB trims growth forecasts for developing Asia, says India to grow 5.5 pct in 2014 Full Article