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Euro soars on strong economic growth in Germany

Reuters  |  NEW YORK 

By Saqib Iqbal AhmedNEW YORK (Reuters) - The euro rose to a 2-1/2 week high against the U.S. dollar on Tuesday and was on track for its largest percentage gain in more than four months, after data showed Germany's economy shifted into a higher gear in the third quarter.The euro was up 1.11 percent at $1.1794, set for its largest one-day percentage gain against the greenback since June 27."Most of what appears to have driven the euro's strength was the solid German data earlier this morning," said Eric Viloria, currency strategist at Wells Fargo Securities in New York.Germany's seasonally ...

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First Published: Wed, November 15 2017. 02:45 IST