Early trade in New York: Eurozone debt deal hopes push euro higher

The euro reversed losses to rise against the US dollar on Thursday, as hopes that a Greek bond swap deal could be within reach boosted global investor sentiment as well as the appeal of higher-risk assets. The single currency traded as high as $1.3120 against the dollar, after having spent almost all of Thursday's session in the red.
That was well past the psychological support level at $1.30, also a reported options barrier. The euro last traded up 0.28 percent at $1.3107. The euro advanced against the yen, as well, trading as high as 103.35 yen. The greenback last traded up 0.7 percent at 78.88 yen. The dollar broke above reported stop-loss orders above 78.80 yen, although traders said option-related offers ahead of 79 yen may cap gains.