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Euro strengthens on Trichet comments on single currency

Published 05/21/2010, 11:13 AM
Updated 05/21/2010, 11:16 AM

NEW YORK, May 21 (Reuters) - The euro jumped against the dollar on Friday after European Central Bank President Jean-Claude Trichet said the single currency was not in danger and it was a credible currency. [ID:nWLA4690].

The euro was last at $1.2568, a rise of 0.8 percent on the day, up from $1.2548, where it traded when the Trichet headlines were first reported on Reuters . The session peak of $1.2672 on Friday, according to Reuters, was reached prior to the New York session. (Reporting by Nick Olivari; Editing by Dan Grebler)

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