ET:Euro hits session high vs dollar, helped by IMF comments
LONDON: The euro extended gains to hit a session high versus the dollar on Wednesday, helped by comments from an IMF official that they could invest in the secondary market in Spanish and Italian bonds alongside the EFSF.
The euro climbed as high as $1.33685, up around 0.2 percent on the day.
Traders said there was steady demand to buy euros from $1.3290, while bids from hedge funds helped trigger stops above $1.3360 before the euro ran into offers around $1.3365.
