Reuters: US Dollar Report: Euro recoups losses vs dollar, trades above $1.31

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Euro recoups losses vs dollar, trades above $1.31 May 3rd 2013, 13:51 NEW YORK | Fri May 3, 2013 9:51am EDT NEW YORK May 3 (Reuters) - The euro recouped all of its losses against the dollar to rise above $1.31 on Friday, rebounding after finding support in the $1.3050 area. The euro last traded at $1.3116, up 0.4 percent on the day and moving away from a session low of $1.3033 set after surprisingly strong U.S. jobs data. Traders said the euro failed to move further below $1.3050, leading to a rebound. The dollar's rally against the yen also helped drive euro/yen higher, which also boosted euro sentiment.

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