NEW YORK Feb 1 The euro extended gains versus
the dollar to hit a session peak in late morning trade on
Friday, buoyed by euro zone manufacturing data and as U.S. data
reaffirmed expectations the Federal Reserve will continue its
The euro rose as high as $1.3711 on Reuters data and
was last up 1 percent at $1.3707.
A rally in stocks, which pushed the Dow Industrials above
the 14,000 level for the first time since October, 2007, boosted
demand for "risk-on" currencies such as the euro.