FOREX-Euro extends rise vs dollar, gets help from Merkel

NEW YORK, Oct 20 (BestGrowthStock) – The euro extended gains
against the dollar on Wednesday, with traders attributing some
of the move to comments from German Chancellor Angela Merkel,
who said it may be time to think about exit strategies.

The euro rose to $1.3881 (EUR=: ), a session high, and was
last trading up 0.4 percent at $1.3872. It hit an 8-1/2-month
high above $1.41 last week.

Merkel’s remarks on exit strategies from loose monetary and
fiscal policy echo similar comments from ECB Governing Council
member Axel Weber and contrast with expectations for more
monetary easing from the U.S. Federal Reserve.

For more see [ID:nBAT005717].
(Editing by James Dalgleish)

FOREX-Euro extends rise vs dollar, gets help from Merkel