Euro hits one month high on Spanish optimism

The euro strengthened to a one-month high against the dollar on speculation Spain will move toward seeking financial aid, helping contain Europe’s debt crisis.

17th October, 2012
The euro strengthened to a one-month high against the dollar.

The euro strengthened to a one-month high against the dollar on speculation Spain will move toward seeking financial aid, helping contain Europe’s debt crisis.

The 17-nation currency rose versus 14 of its 16 major peers after Moody’s Investors Service kept Spain’s credit rating at investment grade and as European Union leaders prepared for a two-day summit in Brussels starting tomorrow.

The dollar fell before a report that economists said will show...

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