(Reuters) - The euro rose to the day's high versus the dollar on Tuesday as sovereign and macro demand for the common currency forced stop-loss orders on short positions to be triggered.
The euro rose to $1.2803 on trading platform EBS to trade with gains of around 0.2 percent for the day. Traders said sovereign bids starting from the $1.2750 level helped to push the euro higher and trigger stop-loss orders above the Asian high of $1.2797.
