Euro extends gains versus dollar, rises above $1.37

NEW YORK Fri Feb 1, 2013 9:53pm IST

NEW YORK Feb 1 (Reuters) - The euro extended gains versus the dollar to hit a session peak in late morning trade on Friday, buoyed by euro zone manufacturing data and as U.S. data reaffirmed expectations the Federal Reserve will continue its stimulative policy.

The euro rose as high as $1.3711 on Reuters data and was last up 1 percent at $1.3707.

A rally in stocks, which pushed the Dow Industrials above the 14,000 level for the first time since October, 2007, boosted demand for "risk-on" currencies such as the euro.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

India-Nepal Ties

REUTERS SHOWCASE

Wipro Reaps Profit

Wipro Reaps Profit

Wipro Q1 profit up 30 pct on new contract wins   Full Article 

Monsoon Revives

Monsoon Revives

Monsoon revival keeps rain above average   Full Article 

Tackling Food Prices

Tackling Food Prices

India to free up extra 10 million tonne wheat in open market  Full Article 

Facebook Results

Facebook Results

Facebook beats Wall Street targets, stock hits record high  Full Article 

Struggling Economies

Struggling Economies

Asian economies to struggle on weak export demand - Reuters poll  Full Article 

Mining Roadblock

Mining Roadblock

Coal India's plans for 20 mines hit by land, environment delays  Full Article 

Power Jolt

Power Jolt

UAE's TAQA pulls out of India power plant deal with Jaiprakash  Full Article 

Factory Sector

Factory Sector

China July HSBC flash PMI at 18-month high of 52.0   Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage