WSJ:Euro Falls, Aussie Dollar Surges After Strong ECB LTRO
LONDON (Dow Jones)--The euro fell in choppy trade against the dollar Wednesday while the Australian dollar rose to its highest level in almost seven months against the buck amid strong demand at the European Central Bank's second long-term liquidity offer.
At its second three-year long-term refinancing operation, the European Central Bank lent 800 banks EUR529.53 billion, more than the EUR450 billion expected by the market.
The euro fell to as low as $1.3436 against the dollar immediately following the announcement and tumbled against the Australian dollar. The Australian dollar shot to $1.0857 against the dollar, its highest level since Aug. 2.
The Canadian dollar also rose to its highest level since October against the dollar.
