The euro has risen four US cents in just a month and by 2pm this afternoon it had risen to 96.10 US cents. It got a boost as US stocks fell again last night.
A brief evacuation of the White House as an unidentified aircraft circled Washington and rising tension in the Middle East has knocked dollar sentiment further.
Although the White House evacuation proved to be a false alarm, dealers said the scare underlined security fears weighing on US assets. Escalating tension in Israel following another suicide bombing yesterday and a car bombing in Saudi Arabia today.
