Euro extends gains versus dollar, hits session high
NEW YORK Jan 31 (Reuters) - The euro rose to a session high versus the dollar in mid-morning trade on Thursday, but an option barrier at $1.36 could cap further gains.
Signs of improvement in the euro zone's economy and banks have lifted the euro in recent weeks.
The euro rose as high as $1.3593 on Reuters data, the highest since November 2011. It was last at $1.3586, up 0.2 percent on the day.
- Tweet this
- Share this
- Digg this
- U.S. nurse quarantined over Ebola calls treatment "frenzy of disorganization"
- Wall Street finally turning on Amazon as Bezos magic fades
- Former Cream frontman Jack Bruce dies aged 71
- São Paulo running out of water as rain-making Amazon vanishes
- Iraqi security forces and Kurds gain ground against Islamic State
The Nifty will stay in a broad band of 7,800-8,200 with an immediate resistance at around 8,050 levels. One should look to selectively accumulate in sectors such as infrastructure, capital goods, cement, power and metals. The outperforming sectors such as pharma, IT and auto ancillaries could take a breather due to international headwinds, writes Ambareesh Baliga. Full Article
Euro zone risks "relapse into recession" without structural reforms - Draghi. Full Article