RTTN:Euro Hits 4-day High Against U.S. Dollar After Eurozone PMI
The euro firmed against the U.S. dollar on Monday's European deals after data showed that Eurozone private sector activity increased at a faster pace in December.
The seasonally adjusted composite output index, which gauges the performance of the manufacturing sector and the service sector, advanced to 52.1 December from 51.7 in November, a survey conducted by Markit Economics showed. Economists were looking for a reading of 51.9.
The euro that closed Friday's deals at 1.3742 against the greenback rose to a 4-day high of 1.3774 at 4:25 am ET. The euro may possibly seek resistance at the 1.385 level.
