European singe currency unit, the euro on Monday broke through the $1.30 level against the dollar for the first time since February and the British pound rallied on Monday, as investors sought out riskier trades and global stocks continued to advance.
The euro rose 0.8% to $1.3028, and the pound jumped 1.6% to $1.4224.
Online Currency Trading. Free $50,000 Practice Account!
The losers were the dollar and the Japanese yen, the currencies that tend to rise when investors seek out safer plays.
The dollar index, a trade-weighted basket, fell 0.5% to 87.45.
The gains came as U.S. stock futures and European and Asian stocks advanced on Monday, following the relatively positive comments from Ben Bernanke and a meeting of the G-20 finance ministers that called for increased funding of the International Monetary Fund.
