Thursday, August 23, 2012

Reuters: US Dollar Report: Euro extends gains to fresh seven week high vs dollar

Reuters: US Dollar Report
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Euro extends gains to fresh seven week high vs dollar
Aug 23rd 2012, 14:55

NEW YORK | Thu Aug 23, 2012 10:55am EDT

NEW YORK Aug 23 (Reuters) - The euro climbed to a fresh seven-week high against the dollar on Thursday on news Spain is negotiating with the euro zone over conditions for international aid to bring down its borrowing costs though the country has not made a final decision to request a bailout.

The euro was last up 0.4 percent at $1.2574 after climbing as high as $1.2579, the highest since July 4.

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