Euro rises to 1-month high versus dollar

LONDON: The euro rose to a one-month high versus the US dollar on Monday as optimism over EU leaders' ability to deal with the euro zone's debt crisis prompted investors to further pare back on short positions in the single currency.

The euro rose to $1.3905 on trading platform EBS, its highest since September 15, taking out an option barrier at $1.3905, helping to push the dollar index to a 1-month low of 76.497. The euro also hit a 5-week high versus the yen of 107.66.

Copyright Reuters, 2011