By Laura Mandaro
SAN FRANCISCO (MarketWatch) -- The euro jumped to its session highs in midmorning U.S. trading Friday, topping $1.32 -- the first time in a week it's crossed that level, according to FactSet Research. Lending support was a surprise rise in the German Ifo business confidence index and a rally in U.S. stocks on the back of some well-received earnings results. The euro rose as high as $1.3224 and recently traded at $1.3214, up from $1.3137 late Thursday. The euro "got a good bounce on risk appetite overnight. [The] strong Ifo reading out of Germany, retail sales in the U.K., and positive earnings news have lifted European currencies across the board," said Greg Anderson, North American head of G10 currency strategy at Citigroup.
