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The euro rose for a fifth day on Monday, climbing to a fresh two-month high against the dollar as investors overcame earlier doubts on the currency's prospects and pushed it through key technical and trading levels on expectations of higher eurozone interest rates.
The euro was up 0.4 percent on the day at $1.3673 on electronic trading platform EBS, after climbing as high as $1.3683. Euro gains accelerated after stop loss orders at $1.3615 to $1.3620 were breached.
The euro was up 0.2 percent at 112.75 yen on EBS, just off a two-month high hit in earlier trade and still hovering above its 200-day moving average. The euro's gains on Monday helped to push the dollar lower against the yen. The dollar fell 0.1 percent to 82.47 yen on EBS.

Copyright Reuters, 2011

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