NEW YORK Nov 19 The euro rose on Monday to its highest level against the dollar in nearly two weeks on optimism that Greece will receive its next tranche of aid and optimism that U.S. lawmakers will reach a deficit-reduction deal by the end of the year.
The euro hit a high of $1.2819, its highest since Nov. 7. It last traded at $1.2814, up 0.6 percent on the day, according to Reuters data.
Risk appetite was broad-based, with world stock markets rallying as well.
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Two years ago India was a "fragile five" economy growing at 5 percent, facing a severe current account deficit and the rupee at record lows as the U.S. Fed Reserve prepared to taper its stimulus programme. Today, two years into the term of RBI Governor Raghuram Rajan, India is set to confidently face the Fed's first rate rise since 2006. Full Article