ET:Euro rises to session highs versus dollar and yen
LONDON: The euro rose against the dollar and the yen on Wednesday, with investors cutting bearish positions against the common currency and as expectations that the US Federal Reserve may launch another round of quantitative easing supported risk appetite.
The euro rose above reported offers from Asian investors at $1.2500 to hit a session high of $1.25210 on trading platform EBS.
The euro also rose 1 per cent on the day against the safe-haven Japanese yen, advancing to 99.118 yen, its highest level since May 30.
