US Session – Euro rises to 8-month high vs. USD
Posted on January 11, 2013 at 7:31 pm GMTThe euro extended Thursday’s rally against the dollar, rising 0.8 percent to $1.3365, its highest since April 2012. The single currency is on track for its strongest weekly gain against the dollar in nearly four months. A relatively upbeat outlook on the euro zone economy by ECB President Mario Draghi in a post ECB policy meeting news conference yesterday gave investors more risk appetite to buy the euro. Sterling gave back some gains today after being hurt by weak UK [..]