Euro Crisis

Euro Reaches Two Month High

Draghi's bond buying announcement has helped the single currency

|

The euro has strengthened to a two-month high against the US dollar, as the European Central Bank's bond-buying plans continued to please the markets.

The euro rose 0.3% to $1.2673 in early trading on Friday.

It also hit a two-month peak against the Japanese yen and a one-month peak against the Swiss franc.

Yields on Spanish and Italian 10-year bonds fell further, easing implied borrowing costs for the debt-laden countries.