The euro advanced further to hit a session high against the U.S. dollar in late morning trade on Monday as stock gains accelerated, boosting risk appetite.

The euro rose as high as $1.2295 on electronic trading platform EBS EUR=EBS, its highest level in more than a week. It was last at $1.2290, up 1.5 percent on the day.

The Dow industrials .DJI and the Standard & Poor's 500 .SPX rose 1 percent as European industrial data eased concerns about a slowdown in global growth and rising oil prices lifted energy shares.

Against the yen, the euro gained 1.6 percent to 112.76 EURJPY=. (Editing by James Dalgleish)