- Emma Lawson, a Sydney-based currency strategist at National Australia Bank
The single currency index rose on Monday, extending the previous week's gains amid speculations the European Central Bank considers setting yield limits on each country's debt.
"We've got a slightly positive bias for the euro over the next couple of months," said Emma Lawson, a Sydney-based currency strategist at National Australia Bank.
"If this European story regarding the periphery yields is confirmed, that would be a positive for the euro."
Spanish 10-year government bonds fell 30 basis points to 6.44 per cent on Friday, the lowest reading since the beginning of July. Italian 10-year debt fell 490 basis points to 5.73 per cent.
© Dukascopy Bank SA