LONDON (AFP) - The European single currency spiked close to a one-year high near 1.48 dollars on Tuesday as many investors sold safehaven assets on the back of growing economic optimism, dealers said.
The euro jumped as high as 1.4798 dollars in London morning deals, a level last seen on September 23, 2008. It later stood at 1.4787 dollars, up from 1,4676 late in New York on Monday.
"We had a bit of a revival in risk appetite today," said Emmanuel Ng, an analyst with Singapore's Oversea-Chinese Banking Corp.
"Better risk appetite is going to improve interest in the majors at the expense of the dollar," he said.
