Reuters: US Dollar Report: RPT-Euro rises to 2-month high vs dollar

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

RPT-Euro rises to 2-month high vs dollar Sep 7th 2012, 07:19 Fri Sep 7, 2012 3:19am EDT LONDON, Sept 7 (Reuters) - The euro rose broadly on Friday as Spanish 10-year bond yields fell below 6 percent for the first time since May, helped by a European Central Bank plan to to lower borrowing costs for indebted euro zone countries. The single currency rose 0.3 percent on the day to $1.2670 on trading platform EBS, its highest level since early July. The euro also climbed to a six-month high of 1.2130 Swiss francs, spurred on by market speculation the Swiss National Bank may be considering raising the 1.20 floor in euro/Swiss. Data showed SNB foreign exchange reserves rose at a slower pace in August, showing the bank needed intervene less to defend the floor. Sterling rallied in line with other riskier currencies against the dollar and hit a 3-1/2 month high of $1.5960.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions