Reuters: US Dollar Report: Euro rises on better-than-expected German industrial data

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

Euro rises on better-than-expected German industrial data May 7th 2013, 10:13 LONDON | Tue May 7, 2013 6:13am EDT LONDON May 8 (Reuters) - Euro rose to a session high against the dollar on Tuesday after German industrial orders data beat expectations. The single currency rose 0.2 percent to $1.3111 from $1.3077 after data showed industrial orders in the euro zone's largest economy grew by 2.2 percent in March, compared to a forecast of a fall of 0.5 percent. Support for the euro is cited at its 55-day moving average of $1.3021 and reported option expiries at $1.3100, could keep the currency pinned at that level, traders said.

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