CNBC: Euro extends gains vs dollar, hits session high
NEW YORK (Reuters) - The euro extended gains against the dollar on Thursday, reaching a four-month high not long after the Federal Reserve announced another aggressive stimulus program to bolster the U.S. economy.
In a significant shift in monetary policy, the Fed said it would buy $40 billion of mortgage debt per month and will continue to purchase those and other assets until the weak employment picture shows marked improvement.
The euro hit a high of $1.2984, its highest since May 9. It last traded at $1.2982, up 0.6 percent on the day, according to Reuters data.
(Reporting by Julie Haviv; Editing by James Dalgleish)
