Friday, September 7, 2012

Reuters: US Dollar Report: Euro breaks above $1.2800 for 1st time since late May

Reuters: US Dollar Report
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Euro breaks above $1.2800 for 1st time since late May
Sep 7th 2012, 14:48

NEW YORK, Sept 7 | Fri Sep 7, 2012 10:48am EDT

NEW YORK, Sept 7 (Reuters) - The euro climbed above $1.2800 for the first time since late May on Friday as investors continue to trade on a report showing a smaller-than-expected rise in U.S. nonfarm payrolls in August, prompting bets that the Federal Reserve will pump additional money into the sluggish economy.

The euro was last at $1.2801, up 1.4 percent on the day and just below the session peak of $1.2806.

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