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Euro hit six-week high on euro zone banking deal prospects

From reuters.com

The euro hit a six-week peak against the dollar on Tuesday, helped by expectations of a banking deal in the euro zone and a growing view the Federal Reserve needs more positive economic data before it decides to start reducing its monetary stimulus. Europe's common currency rose for a sixth straight day versus the greenback to within striking distance of the 2013 high of $1.3832, reached on Oct. 25. The euro's strength pushed the dollar index down for a second straight day to a six-week low, last trading down 0.22 percent to 79.95. Investors have sold the dollar steadily for the last month on diminishing prospects ... (full story)

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