Reuters: US Dollar Report: Euro climbs to session high against the dollar

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Euro climbs to session high against the dollar Oct 30th 2012, 12:44 NEW YORK | Tue Oct 30, 2012 8:44am EDT NEW YORK Oct 30 (Reuters) - The euro climbed to a session high against the dollar on Tuesday as investors traded on data released earlier in the global trading day, which showed the Spanish economy contracted for a fifth straight quarter in the three months to September at a slightly slower rate than forecast. The euro was also helped by improved demand at an Italian debt auction. The euro was last up 0.4 percent at $1.2958, just off the session peak at $1.2960. But trading was light with U.S. trading desks short staffed in the aftermath of Hurricane Sandy. Some US$2.6 billion in euros has changed hands so far on the last Tuesday of October, compared with US$4.87 billion for the entire session on the last Tuesday of September, according to Reuters Dealing.

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