Reuters: US Dollar Report: Euro rises to session high versus dollar

Reuters: US Dollar Report Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Euro rises to session high versus dollar Aug 31st 2012, 09:11 LONDON | Fri Aug 31, 2012 5:11am EDT LONDON Aug 31 (Reuters) - The euro rose to a session high against the dollar on Friday in nervous trade before a speech by Federal Reserve chairman Ben Bernanke, with traders citing buying by Middle East and east European names which triggered stop loss buy orders. The euro rose to $1.25580 on EBS trading platform, with traders saying it broke above stop loss orders at $1.2540. More gains could see it target the 100-day moving average at $1.2583. Some traders said figures showing euro zone inflation jumped more than expected in August helped encourage euro buying. Sterling also rose to a session high of $1.5827.

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