Monday, October 1, 2012

Reuters: US Dollar Report: Euro hits session highs vs dollar after U.S. ISM data

Reuters: US Dollar Report
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Euro hits session highs vs dollar after U.S. ISM data
Oct 1st 2012, 14:12

NEW YORK | Mon Oct 1, 2012 10:12am EDT

NEW YORK Oct 1 (Reuters) - The euro hit session highs against the dollar on Monday after a U.S. manufacturing survey showed the sector grew for the first time since May, boosting the market's risk appetite and prompting a further move away from the safe-haven greenback.

The euro rose to the day's peak of $1.2934. It was last at $1.2927, up 0.5 percent. The yen, another safe haven, also suffered a setback after the data, pushing the dollar up 0.2 percent at 78.07 yen and the euro up 0.8 percent at 100.97 yen.

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