Euro climbs to one week high against the dollar

by on July 26, 2012 12:47 pm BST

NEW YORK, July 26 |
Thu Jul 26, 2012 8:47am EDT

(Reuters) – The euro rose to a one week
high against the dollar o n T hursday after the number of
Americans filing new claims for jobless benefits fell last week
to near a four-year low, a hopeful sign for a labor market that
has shown signs of weakness and prompting investors to increase
risk exposure.

The euro rose as high as $1.2309 from $1.2278 just
before the release of the data. It was last up 1.2 percent at

The dollar was little changed at 78.13 yen, up from the
78.05 it traded at before the release.

A separate report showed new orders for a range of
long-lasting U.S. manufactured goods fell in June and a gauge of
planned business spending plans dropped, pointing to a slowdown
in factory activity..