Euro rises to day's high vs dlr after German orders

By IBTimes Staff Reporter | August 05 2010 6:00 AM

The euro extended gains on Thursday to hit the day's highs against the dollar after higher-than-expected German industrial orders data.

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German manufacturing orders rose by 3.2 percent on the month in June, official data showed, surpassing expectations thanks to strong foreign demand.

The euro rose as high as $1.3219 EUR=. It had been rising as short-covering accelerated after breaking above $1.32, traders said. (Reporting by London forex team)

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