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2010.10.2813:05:00UTC+00Euro Spikes Up Against Major Rivals

The European common currency spiked up against major currencies in New York mid-day trading on Thursday. At 11:45 am ET, the euro climbed to a new multi-month high of 1.3708 versus the Swiss franc from European session's low of 1.3616.

Against its US counterpart, the euro advanced further in today's mid-day deals and hit a fresh multi-day high of 1.3947 by about 11:35 am ET. The pair that closed yesterday's New York session at 1.3770, is now trading at 1.3929.

After touching a 16-day low of 0.8706 as of 8:15 am ET, the European single currency reversed its direction against the British pound. Currently, the euro-pound pair is trading near 0.8738, compared to yesterday's close of 0.8734.

The euro also edged up against the Japanese yen in today's mid-day deals from previous session's 8-day low of 112.21. At present, the euro is trading near 112.80 versus the yen.

Copyright(c) 2010 News.com, Inc. All Rights Reserved

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