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The euro jumped 0.3 per cent to $1.2904 after reaching $1.2918, the strongest level since January 5th, reports Bloomberg.
Europe's currency also grew against the yen, moving up 0.3 per cent to 99.16, while the dollar remained largely unchanged at 76.84 yen.
Increased confidence in the eurozone's ability to contain the debt crisis came as talks between Greece and private creditors continued.
Steven Barrow, head of G10 currency strategy at Standard Bank, said the euro was benefiting from a degree of momentum.
"Demand was supported at the Spanish auctions and improved the situation," he added.
Bloomberg noted earlier today that stocks have risen across the board in Europe as results from France and Spain reassure investors that the eurozone has retained its financial fluidity.
Posted by Clive Arneil
