Tuesday, April 30, 2013

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

Reuters: US Dollar Report
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Euro extends gains versus dollar, hits session high
Apr 30th 2013, 13:49

NEW YORK, April 30 | Tue Apr 30, 2013 9:49am EDT

NEW YORK, April 30 (Reuters) - The euro rose to a session high against the dollar in early New York trade on Tuesday, with gains accelerating after breaking above resistance around $1.3120.

The euro rose as high as $1.3142, according to Reuters data, and was last at $1.3133, up 0.3 percent on the day.

The European Central Bank meets on Thursday, with many investors expecting an interest-rate cut, but some analysts said the market may have gotten ahead of itself.

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