The monetary unit's strength, a second consecutive day of gains, is linked with global regulator the International Monetary Fund looking to add $500 billion for lending and the preservation of the global economy. Also driving the monetary unit's ascension, which climbed against additional rivals, is Greek Prime Minister Lucas Papademos preparing for negotiations with bondholders, regarding the Aegean nation's debt concerns.
"People realize that policy makers have no choice but to come up with additional rescue plans for these countries and to actually commit additional funds to provide a safety net for these countries," currency research director Kathy Lien with online trading firm GFT Forex in New York told Bloomberg.
The output at U.S. factories, mines and utilities was 0.4 percent greater in December as compared to the generation during the month of November.
The performance of the 17-nation single currency was minimized by apprehension about Greek debt discussions, according to Reuters. Greece has accepted two bailout tranches as consequences of the debt scourge while Irealnd and Portugal have accepted one tranche apiece.
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