Thursday, April 26, 2012

Reuters: US Dollar Report: Euro, Swiss franc hit 3-wk high vs broadly weaker dollar

Reuters: US Dollar Report
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Euro, Swiss franc hit 3-wk high vs broadly weaker dollar
Apr 26th 2012, 07:37

LONDON, April 26 | Thu Apr 26, 2012 3:37am EDT

LONDON, April 26 (Reuters) - The euro rose to a three-week high against a broadly weaker dollar on Thursday after U.S. Federal Reserve chief Ben Bernanke maintained a dovish stance on monetary policy after a Federal Reserve meeting.

The common currency rose 0.2 percent on the day to $1.32635, its highest level since early April and triggering reported stop loss buy orders at $1.3240.

The gains helped push the dollar to a three-week low against a basket of currencies of 78.823.

The greenback also fell 0.3 percent against the Swiss franc to 0.9058 francs on trading platform EBS, its lowest level since April 3.

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