Reuters: US Dollar Report: Euro rises above $1.26 again as stocks climb

Reuters: US Dollar Report Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Euro rises above $1.26 again as stocks climb Jun 7th 2012, 17:40 NEW YORK, June 7 | Thu Jun 7, 2012 1:40pm EDT NEW YORK, June 7 (Reuters) - The euro extended gains against the dollar on Thursday as U.S. stocks moved higher. The euro last traded at $1.2608, up 0.3 percent on the day but below the session's high of $1.2625, according to Reuters data. The Dow Jones industrial average last traded up 1 percent. U.S. stocks were buoyed by China's central bank, which cut lending and deposit rates. The surprise move was an effort to rejuvenate economic growth and raised investors' appetite for riskier assets, including the euro.

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