Friday, October 18, 2013

Reuters: US Dollar Report: Euro rises to 8-1/2 month high versus weaker dollar

Reuters: US Dollar Report
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Euro rises to 8-1/2 month high versus weaker dollar
Oct 18th 2013, 06:45

LONDON | Fri Oct 18, 2013 2:45am EDT

LONDON Oct 18 (Reuters) - The euro rose to an 8-1/2 month high against a broadly weaker dollar on Friday due to concerns about the economic impact of the U.S. government shutdown.

The euro also benefited from improved investor appetite to take on risk after data showed an acceleration in China's economic growth.

The euro rose to $1.3690, its strongest since Feb. 1.

The dollar also fell to an 8-1/2 month low against a basket of currencies at 79.604.

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