Euro extends gains versus dollar, rises above $1.37
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.
- Tweet this
- Share this
- Digg this
- In his native Alabama, Apple CEO's announcement he is gay prompts discomfort for some
- Judge rejects strict limits on nurse who treated Ebola patients |
- SEBI piles pressure on Sahara to sell overseas hotels
- China expresses concern about Indian plan to build border posts
- US STOCKS-Dow, S&P 500 end at record highs; BoJ move adds fuel to rally
Shares Hit Record
The BSE Sensex and Nifty surged to record highs for a second consecutive session on Friday after Bank of Japan's surprise expansion of its massive stimulus programme raised hopes for additional foreign inflows, boosting blue-chips such as Larsen & Toubro. Full Article
China's shadow banking sector growing rapidly, third largest in world - FSB. Full Article