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Euro rises on signs of European recovery

Source : AP
Last Updated: Tue, Feb 05, 2013 21:45 hrs

The euro rose against the dollar Tuesday on signs that the economies of the 17 countries that use the euro are recovering.

The region's purchasing managers' index, which measures manufacturing within the euro zone, rose to a 10-month high of 48.6 in January from 47.2 in December.

The euro rose to $1.3584 in late trading Tuesday from $1.3520 late Monday.

The British pound fell to $1.5663 from $1.5766.

The dollar slipped to 93.36 Japanese yen from 92.38 Japanese yen and to 0.9083 Swiss franc from 0.9084 Swiss franc. The dollar also fell to 99.60 Canadian cents from 99.81 Canadian cents.



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