Print Print edition: 2011-09-30

Early trade in New York: euro rises versus dollar

Published Updated

The euro rose against the dollar on Thursday as Germany approved an expansion of the eurozone rescue fund, but the single currency could be vulnerable to selling as investors book profits before month-end. The euro last rose 0.7 percent to $1.36441, having peaked at $1.36799 on trading platform EBS. It also gained 0.8 percent to 104.593 yen and 0.1 percent to 1.22052 Swiss francs.
The euro was on track to post its worst month in 10 months and its worst quarter since mid-2010 against the dollar. The dollar rose 0.2 percent to 76.67 yen, not far from the record low of 75.941 hit in August. It had earlier risen to a two-week high of 77.030 yen on EBS.