Thursday, April 23, 2009

Euro extends gains to improve the PMI data, equipment

LONDON, April 23 (Reuters) - Euro, on Thursday to help extend data view and the dollar rose against the yen, the euro zone economy may be the growth of emerging equity markets from the worst recession You can.

Analyst following, according to a survey of purchasing officials, fearing a decline in industrial orders, the euro zone manufacturing and service sector was the best performance in six months.

0.2% of the population of Europe was to help increase feelings. The stock DJc1 future SPc1 to save FTEU3 said Wall Street's profit, on that day, trembled before the loss.

There has been widespread in the achievement of financial stability risks in the currency markets, "Tullett Prebon G7 market economist Lena Komileva.

"There is a general perception that global growth is to achieve the stability that has been the support of the Red Cross is stronger in the euro area data," he added, "there is a lot of confidence behind it."

At 1002 GMT, the euro rose 0.5 percent against the dollar to 1.3065 dollars , after reaching its highest level at 1.3071 dollars, and by 0.8 percent against the yen to 128.44 yen .

The common currency was much higher from a low of $ 1.2885 against the dollar hit on the EBS trading system on Wednesday, which was the weakest since March 16.

Traders, however, noted that a large number of options for the end of the euro of $ 1.3000 and the dollar later in the day on Thursday may be the prevention of the husband to move away from this level.

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