Friday, November 2, 2012

Reuters: US Dollar Report: Euro falls to 3-week low versus dollar

Reuters: US Dollar Report
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Euro falls to 3-week low versus dollar
Nov 2nd 2012, 09:14

LONDON | Fri Nov 2, 2012 5:14am EDT

LONDON Nov 2 (Reuters) - The euro fell to a three-week low against the dollar on Friday, pushing the dollar index to a seven-week high, with traders citing option related selling of the euro by macro investors.

The euro fell to $1.2865, down 0.6 percent on the day to hit its lowest level since Oct. 11. Traders said macro funds sold the euro to take out a $1.2880 to $1.3040 "double no touch" options barrier.

The dollar index rose to 80.389, its highest level since Sept. 11.

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