Euro extends gains, rises above $1.29

By IBTimes Staff Reporter | July 15 2010 12:16 PM

The euro rose above $1.29 on Thursday for the first time since May as worries about the strength of U.S. economic recovery sparked broad-based dollar selling.

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The euro was last up 1.3 percent at $1.2906 EUR=, its highest level since early May and was on track for its biggest daily gain in two weeks. (Reporting by Steven C. Johnson; Editing by Theodore d'Afflisio)

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