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LEAD: Euro surpasses 1.30 dollars as markets turn optimistic
Jan 3, 2012, 17:13 GMT
Frankfurt - The euro rose Tuesday, pulling out of a slump that developed last month, helping it surpass the level of 1.30 dollars.
By late afternoon in Frankfurt, the common currency was changing hands at 1.3058 euros. It had spent six days below the 1.30 level.
Tuesday's European Central Bank reference rate was 1.3014 euros, up from 1.2935 dollars a day earlier.
Analysts said the rise reflected the end of a spell where investors had sought safe haven in the dollar.
Markets were moved by positive economic data emerging from Germany, China and India, as well as the absence of any bad news out of the debt-plagued eurozone. Germany's joblessness rate has sunk to 6.8 per cent, the lowest in two decades, labour officials said.
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