Wednesday, April 25, 2012

Reuters: US Dollar Report: Euro extends gains, hits session high versus dollar

Reuters: US Dollar Report
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Euro extends gains, hits session high versus dollar
Apr 25th 2012, 10:13

LONDON, April 25 | Wed Apr 25, 2012 6:13am EDT

LONDON, April 25 (Reuters) - The euro extended gains against the dollar on Wednesday to hit a fresh session high on reported buying by corporates, amid a broadly weaker dollar environment ahead of the conclusion a U.S. Federal Reserve Open Market Committee meeting.

The single currency rose to $1.3237 on trading platform EBS. Some traders also said news that Germany supported the Euroepan Central Bank plans to return to a "normal mode" of monetary policy also supported the euro.

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