Euro Climbs to Four Month High Against Dollar

By Dan Collins on 12 September 2012
  • Share

At the close of business on Wednesday, the Euro was up slightly to $1.2899 from last week’s close of $1.2801, which is the strongest it has been against the U.S. dollar since the July low of $1.206.

The strengthening came as Germany’s constitutional court approved participation in the European Central Bank’s permanent bailout fund, which will help keep the Eurozone intact while forcing greater integration of economic policy between member countries.

Despite the rise, the Euro remains well below its $1.42 high in October 2011.

In Tokyo, the dollar rose against the yen on Wednesday, after the yen had risen to a 14-week high against the dollar on Tuesday, trading at ¥77.86, and the British pound moved from $1.6070 to $1.6101.

Accura News

Read previous post:
XCom Global to Add 75 Mbps Mobile Hotspot Rental for Japan

XCom Global announced the addition of 4G LTE high-speed mobile broadband service to its mobile hotspot rental program for the...