NEW YORK The euro jumped against the dollar on Thursday as growing losses on Wall Street led investors, who had held euro-funded positions in which the low-yielding currency is borrowed and sold in favour in higher-yielding ones, to buy back the euro.
The euro was up more than 1 percent against the greenback at $1.0896 EUR=; it hit a one-month low of $1.0709 two days ago.
The single currency EURJPY= was up 0.4 percent at 128.14 yen, rebounding from 126.75 yen, which was the lowest level since mid-April set earlier on Thursday.
(Reporting by Richard Leong; Editing by Meredith Mazzilli)
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Published Date: Jan 08, 2016 01:45 AM | Updated Date: Jan 08, 2016 01:45 AM