The euro was seen on a pleasant note against the dollar

[gnutrade.satya]

The euro was seen on a pleasant note against the dollar in technical trading after the breach of a key resistance level prompted some investors who had bet against the single currency to buy to prevent losses. There were concerns about the growth outlook for the global economy and plans to test the financial health of European banks had weighed on the euro for most of the session.
Omer Esiner, a chief market analyst at Commonwealth Foreign Exchange in Washington said: "The euro remains vulnerable to another downturn as investors begin to look to the 16-member bloc's growth prospects amid a backdrop of strict budget cuts and the potential for another downturn in the global economy."
The euro rose to $1.2665. rose 0.7 percent to $1.2621. The dollar rose 0.2 percent to 87.74 yen.