The euro rose against the dollar and yen on Wednesday and registered its third monthly gain against the safe haven currencies as US markets re-opened after a two-day closure due to hurricane Sandy.

The single currency traded above $1.30 but momentum later faded as uncertainty about Spain asking for a bailout and Greece's outlook crept back in and as stocks on Wall Street traded in negative territory.

Normal floor trading was more subdued that usual, with many staying on the sidelines in the wake of the worst US storm in a hundred years. There was also some trepidation ahead of the US non-farm payrolls report for October.

Over the month the euro posted an increase of nearly 1%.

Against the yen, the euro rose 0.2% to ¥103.41 and recorded a monthly gain of 3.2%.

The ICE dollar index, which measures the US currency against a basket of six others, traded at 79.902 following a weak start to the session and compared to 79.943 late Tuesday. The index was hardly changed over the last month.

The greenback lost momentum against the yen to buy ¥79.73 compared to ¥79.62 on Tuesday. Over the month of October, the dollar rose 2.4% against the Japanese currency.

Sterling nudged up to $1.6135 from $1.6075 the previous session and was down around 0.2% over the last month.



CJ

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