Euro recovers from session low

The 16-nation single currency fell sharply in Asian and European trading hours, touching a session low of 1.2178 dollars. It charged back to 1.2332 dollars in late New York trading compared with 1.2378 dollars it bought late Monday.

The Conference Board reported that its U.S. consumer confidence index jumped 5.6 points to 63.3 in May, the highest level since August 2007.

The subindex measuring consumers' attitude to present economic condition rose 2.0 points to 30.2. The expectations index for economic outlook climbed 7.8 points to 85.3, also the highest since August 2007.

In addition, there was a further improvement in perceived labor market conditions, with a higher percentage reporting conditions as good, and a lower percentage reporting that conditions were bad; Kazinform cites Xinhua.

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