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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Photos Sitemap Euro hits $1.30 for first time since May 10 AFP - Saturday, July 17 Send IM Story Print Euro hits $1.30 for first time since May 10 LONDON (AFP) - – The euro reached 1.30 dollars for the first time since May 10 on Friday, with the single currency rising on concerns about the strength of the US economy following weak data, traders said. The euro reached 1.3006 dollars in afternoon European trade -- the highest level for almost two months. Mark O'Sullivan, director of dealing at trading firm Currencies Direct, said the euro has also pushed higher "on the sentiment that the European stress test results due next Friday will remove concerns surrounding European banks and restore some confidence in the eurozone". European officials hope results of 'stress tests' on 91 banks accounting for 65 percent of the European banking system will reassure investors worried that some lenders may have hidden the true extent of their exposure to bad debt. Recommend Send IM Story Print News Search Top Stories Oil spill compensation claims top 200 million dollars: BP GE notches first profit jump since financial crisis Citigroup profit dips but firm still in black Euro hits $1.30 for first time since May 10 Goldman Sachs agrees record $550m fine More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Penelope Cruz, Javier Bardem tie the knot Putin takes Van Damme to ultimate fighting match Obama's daughter to attend summer camp June Earth's hottest ever: US monitors No oil flowing into Gulf as test starts: BP More Most Viewed » Reclusive top mathematician turns down prize, again Germany's 'Octopus oracle' keeps perfect record Who's right - the dolphin or the octopus? 3 Russian spy suspects due in US court More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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