Reuters: US Dollar Report: Euro hits session high, traders cite Nowotny comments

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Euro hits session high, traders cite Nowotny comments Jul 25th 2012, 07:13 LONDON, July 25 | Wed Jul 25, 2012 3:13am EDT LONDON, July 25 (Reuters) - The euro reversed losses to hit a session high against the dollar on Wednesday, with traders citing a media report that European Central Bank policymaker Ewald Nowotny saw grounds for giving the euro zone bailout fund a banking licence. The euro jumped to $1.2115 from around $1.2060 beforehand. It then pared gains to last trade up 0.2 percent on the day at $1.2081.

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