Don't let it get away!
Keep track of the stocks that matter to you.
Help yourself with the Fool's FREE and easy new watchlist service today.
NEW YORK (AP) -- Hopes that Greece will be able to cut its debt are pushing the euro to a six-week high against the dollar.
Traders also bought the euro on strong manufacturing data from China. Chinese manufacturing is closely linked with the state of the world economy.
Riskier currencies, such as the euro, tend to rise when traders think the economy is getting better.
The euro rose as high as $1.3075, its highest point against the dollar since Oct. 23. The euro was worth $1.2998 late Friday.
Greece says it will spend up to $13 billion in a bond buyback program to lower its national debt.
A survey by HSBC found that China's manufacturing activity rose for the first time in 13 months.
The British pound rose to $1.6101 from $1.6022.
RSS Headlines
Fool UK
Comments from our Foolish Readers
Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the
Report this Comment icon found on every comment.
Be the first one to comment on this article.