Wednesday, November 6, 2013

Reuters: US Dollar Report: FOREX-Euro in broad rally, hits day's peak vs yen, dollar

Reuters: US Dollar Report
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FOREX-Euro in broad rally, hits day's peak vs yen, dollar
Nov 6th 2013, 15:10

NEW YORK | Wed Nov 6, 2013 10:10am EST

NEW YORK Nov 6 (Reuters) - The euro hit session highs against the dollar and yen on Wednesday, with traders citing a Market News report saying a rate cut by the European Central Bank was unlikely despite a drop in inflation.

The Market News report, citing sources, also said inflation alone should not dictate policy.

The euro climbed to the day's peak of $1.3547 and was last at $1.3535, up 0.5 percent, while it rose to session highs of 133.69 yen. The euro was last at 133.65 yen, up 0.7 percent.

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