Euro holds gains vs dollar after U.S. economic data

NEW YORK Thu Nov 29, 2012 8:44am EST

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NEW YORK Nov 29 (Reuters) - The euro held gains against the dollar on Thursday as U.S. economic data pointed to an upbeat outlook for the economy.

Data showed U.S. initial jobless claims fell for a second straight week, while the economy grew faster than initially thought in the third quarter. The report suggested that the world's largest economy was on a stable path to recovery.

The euro was up 0.3 percent at $1.2993, while the dollar was slightly higher versus the yen at 82.100 yen.

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