Reuters: US Dollar Report: Euro rises to 7-week high versus dollar after French PMI

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Euro rises to 7-week high versus dollar after French PMI Aug 23rd 2012, 07:08 LONDON | Thu Aug 23, 2012 3:08am EDT LONDON Aug 23 (Reuters) - The euro rose to a fresh seven-week high against the dollar on Thursday after purchasing managers' surveys on French manufacturing and services sector activity were not as bad as forecast. The euro rose to $1.2564 on EBS trading platform, its highest level since early July, with traders saying macro funds were buying the currency. The euro's gains helped push the dollar index to a two-month low of 81.317. The dollar also fell to a seven-week low against the Swiss franc of 0.95605 francs on EBS trading platform, while sterling rose 0.2 percent against the dollar to hit a three-month high of $1.5908.

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