Early trade in New York: euro hits one-month high

The euro touched a one-month high against the dollar on Thursday as Greece agreed to new deficit cutting measures, allaying fears over its debt crisis and causing investors to shift focus to the US economy. A recent spate of disappointing US data, ranging from the factory sector to the labour market, has darkened the US economy's outlook, making the dollar less appealing than higher yielding currencies.
The euro was last up 0.8 percent at $1.4424, having risen as high as $1.4487 on trading platform EBS. The euro was last trading up 1 percent at 1.2170 francs, pulling away from its record low of 1.2053 francs struck earlier on Thursday. The US dollar, however, was under pressure against the safe-haven Swiss franc and was last down 0.2 percent at 0.8440, above a record low of 0.8383 struck on Wednesday. The dollar index was down 0.2 percent at 74.556 after earlier falling to a one-month low of 74.29. The dollar was up 0.1 percent at 80.94 yen.