UPDATES ON OCT 13 2008

OCT 13 MONDAY

Euro Rises Most in 3 Weeks as European Leaders Guarantee Banks .

The euro rose the most in three weeks against the dollar

after European leaders agreed to guarantee bank borrowing

and prevent failures that would disrupt credit markets.

The currency advanced versus the greenback, snapping two

days of losses, as leaders of the 15 countries using the euro

meeting in Paris endorsed bailing out ``systemically'' critical

banks in distress. The yen climbed against the dollar as Asian

stocks pared gains, adding to concern that Japanese investors

will sell higher-yielding overseas assets.

The euro fell 15 percent from a record $1.60 in July through last

week as leaders of the nations sharing the currency struggled

to agree on rescuing financial institutions from the credit

seizures that forced Paris- and Brussels-based Dexia SA

and Milan-based UniCredit SpA to raise capital because

of losses.

Futures traders decreased their bets that the euro will decline

against the U.S. dollar.

Technical analysis shows the dollar may decline to 98 yen in

the next few weeks.