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Euro rises on better-than-expected German industrial data
May 7, 2013 / 10:17 AM / in 4 years

Euro rises on better-than-expected German industrial data

LONDON, May 8 (Reuters) - Euro rose to a session high against the dollar on Tuesday after German industrial orders data beat expectations.

The single currency rose 0.2 percent to $1.3111 from $1.3077 after data showed industrial orders in the euro zone’s largest economy grew by 2.2 percent in March, compared to a forecast of a fall of 0.5 percent.

Support for the euro is cited at its 55-day moving average of $1.3021 and reported option expiries at $1.3100, could keep the currency pinned at that level, traders said.

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