Agence France-PresseApril 23, 2014 18:18
Euro rose against the dollar Wednesday after a positive report on eurozone business activity pointed to recovery momentum in the single-currency economy.
Markit Economics said its Eurozone Composite Purchasing Managers Index for April, a leading indicator of manufacturing and services activity, jumped to 54 points from 53.1 in March, the highest PMI reading since May 2011.
"The eurozone has started the second quarter on a solid footing," said Markit chief economist Chris Williamson.
The euro climbed to $1.3816 at 2100 GMT, up from $1.3804 late Tuesday.