February 1, 2011 / 4:14 PM / 9 years ago

Euro hits 2-1/2 month high versus dollar

NEW YORK, Feb 1 (Reuters) - The euro extended gains against the U.S. dollar on Tuesday, reaching a two-and-half month high, as risk appetites improved after strong manufacturing data worldwide.

The euro hit a session high of $1.3796 EUR=EBS versus the dollar, breaching its Nov. 22 high. It last traded at $1.3784, still up 0.8 percent on the day.

The euro has climbed over 3 percent versus the dollar so far in 2011, with the outperformance largely based on the view that the European Central Bank will raise interest rates much sooner than the U.S. Federal Reserve.

Reporting by Julie Haviv, Editing by Chizu Nomiyama

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