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Euro climbs to one week high against the dollar

by on July 26, 2012 12:47 pm GMT
 

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
$1.2298.

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..