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

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 extends gains versus dollar, hits session high Jan 30th 2013, 15:14 NEW YORK | Wed Jan 30, 2013 10:14am EST NEW YORK Jan 30 (Reuters) - The euro extended gains versus the yen to hit a session high on Wednesday after data showed the U.S. economy unexpectedly contracted in the fourth quarter, in contrast to an improving economic outlook in the euro zone. The euro rose as high as $1.3577 on Reuters data and was last up 0.6 percent on the day at $1.3570. Analysts at Action Economics said model funds and momentum accounts continue to drive demand, while sell offers were noted in the $1.3575-80 area. Option barriers at $1.3600 could also cap near-term gains, traders said.

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