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Markets

Euro hits fresh two-week high vs dollar above $1.30

Published Updated

euro342NEW YORK: The euro touched fresh two-week highs against the dollar on Thursday, in line with a generally improved risk sentiment in the aftermath of encouraging comments on the single currency from European Central Bank President Mario Draghi.

 

Draghi, in a news conference, vowed to preserve the euro zone's monetary system and its currency.

 

The euro was also boosted by corporate demand at the 11 am EDT fixing. It hit a high of $1.3012, the highest since Sept. 21 and was last at $1.2996, up 0.7 percent on the day.

 

 (Reporting by Gertrude Chavez-Dreyfuss; Editing by Chizu Nomiyama) pt the deal which met their demand of 18 percent over two years," the employer group said.

 

Fuel suppliers have started to feel the pinch as the strike entered its second week, with deliveries to pumps delayed and stations running out of certain types of fuel.

Copyright Reuters, 2012

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