April 15, 2011

Euro Advances on Prospects Debt Crisis Will Be Contained

The euro climbed towards a 15-month high against the U.S. dollar on Thursday on estimations that the cwill be contained, and following disappointing U.S. economic data.

The dollar fell against most of its major currency counterparts today after a report showed that applications for jobless benefits rose by 27,000 in the week ended in April 9 to 412,000, well above expectations for 379,000 claims, said the Labor Department.