Euro hits session high vs dollar after US survey

NEW YORK Thu Nov 15, 2012 8:48pm IST

NEW YORK Nov 15 (Reuters) - The euro hit a session high versus the U.S. dollar on Thursday but the greenback gained against the yen after data showed factory activity in the U.S. mid-Atlantic region unexpectedly contracted in November.

The euro hit a high of $1.2798 after the release of the survey. It last traded at $1.2792, up 0.5 percent on the day.

Against the yen, the dollar rose after the release of the survey and last traded at 81.18 yen, up 1.2 percent on the day, according to Reuters data.

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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.

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