Euro Continues High as Demand for Safety Falters

The euro continued at high-levels versus the dollar and the yen, as stocks rallied and risk appetite damped demand for the safety of the Japanese and American currency.

The euro benefited from a positive day in stock markets as American companies like Apple Inc. and Starbucks Corp. posted better than expected earnings, instigating risk appetite among traders that opted for the Eurozone currency and assets in emergent-markets for purchases this Wednesday.

EUR/USD traded at 1.4225 as of 19:55 GMT from a previous rate of 1.4211 yesterday at the same time.

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