Euro Continues High as Demand for Safety Falters
The euro continued at high-levels versus the dollar and the yen, as stocks rallied and risk appetite damped demand for the safety of the Japanese and American currency.
The euro benefited from a positive day in stock markets as American companies like Apple Inc. and Starbucks Corp. posted better than expected earnings, instigating risk appetite among traders that opted for the Eurozone currency and assets in emergent-markets for purchases this Wednesday.
EUR/USD traded at 1.4225 as of 19:55 GMT from a previous rate of 1.4211 yesterday at the same time.
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Earlier News About the Euro:
- Euro Continues Rally Against U.S. Dollar on Risk Appetite (2009-07-16)
- Euro Falls as Eastern European Economies Shrink (2009-07-10)
- Euro Falls After Luxembourg Minister Statement (2009-07-07)
- Euro Rebounds Versus Dollar on German Confidence Report (2009-06-16)
- Euro Down as German GDP Falls More than Expected (2009-05-15)
