The final day of November saw the shared currency of the European Union climb to a five-week high against the world's reserve currency as concerns about the damaging tendencies of the sovereign debt crisis eased, Bloomberg reports.
The 17-naiton monetary unit also climbed against the Japanese yen, barreling toward monthly gains of just less than 4 percent. German lawmakers, representing the euro zone's largest economic system, voted to approve a rescue package for debt-laden Greece.
"The outlook is still bleak," economist Thomas Costerg with Standard Chartered in London told Reuters, noting a European Central Bank interest rate slash during the first quarter of 2013 would not surprise him. "We think that ECB President Mario Draghi will leave the door open for more stimulus in the coming months."
But, despite the gains for the shared currency, the 17-nation bloc saw unemployment push to a new high during the month of October. The European Union Statistics office said jobless figures pushed to almost 19 million.
Jobless increases of roughly 173,000 people in October are driving the region toward its second economic recession since 2009, Reuters reports.
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