Euro rises to 2-month high on German bund sell-off

London

THE euro rose towards a recent two-month high against a softer dollar on Wednesday, underpinned by rising German 10-year bund yields that hit their highest this year and narrowed the gap over US Treasuries.

It was also helped by business surveys that pointed to a solid pick up in eurozone activity and news that Greece made a 200-million-euro (S$300.47 million) interest payment to the International Monetary Fund that fell due on Wednesday.