LONDON Dec 3 The euro rose to a six-week high against the dollar on Monday as investors unwound short bets on falling peripheral euro zone bond yields and on signs Germany may be open to a Greek debt write-down.
The euro's gains drove the dollar index to a one-month low of 79.918, down 0.3 percent on the day.
The euro rose to $1.3049 on trading platform EBS with offers cited above $1.3050/60.
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With the crucial GDP data scheduled to be announced along with key corporate results, volatility is expected to prevail in the upcoming week. Disappointment on these fronts may push the Nifty down to the 7,200-7,500 range. Once we witness stability and consolidation, investors should increase their exposure, says Ambareesh Baliga. Full article