Joined Nov 11, 2007
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The Euro Jumps Above 1.27 While the Dollar Falls

“The euro strengthened above $1.27 for the first time since June amid optimism a bond-purchase program announced by the European Central Bank will help contain the region’s debt crisis.

The 17-nation currency climbed to a two-month high versus the yen after German exports and industrial production for July beat economists’ forecasts. The dollar fell against most of its major counterparts before a U.S. monthly payroll report, after industry data yesterday showed American companies hired more workers last month than analysts predicted. The Swiss franc fell to the weakest since January against the euro.”

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