Friday, July 11, 2014

Euro jumps to 6-week high vs dollar on Greek plan

February 19. 2013 8:21PM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle

(AP) Hopes that Greece will be able to cut its debt are pushing the euro to a six-week high against the dollar.

Traders also bought the euro on strong manufacturing data from China. Chinese manufacturing is closely linked with the state of the world economy.

Riskier currencies, such as the euro, tend to rise when traders think the economy is getting better.

The euro rose as high as $1.3075, its highest point against the dollar since Oct. 23. The euro was worth $1.2998 late Friday.

Greece says it will spend up to $13 billion in a bond buyback program to lower its national debt.

A survey by HSBC found that China's manufacturing activity rose for the first time in 13 months.

The British pound rose to $1.6101 from $1.6022.

Associated Press

comments powered by Disqus Commenting Guidelines
Mortgage Minute

Search for New & Used Cars

Used New All

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals

Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds