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the treasury specialists

Euro rises to multi-week highs

08/02/2012 at 09:35

LONDON, Feb 8 Reuters - The euro rose to multi-week highs versus the dollar and the yen on Wednesday as hopes that Greece would agree on austerity measures needed to secure a second bailout boosted sentiment and forced speculators to trim shorts in the common currency.

The euroEUR= rose to $1.3289 versus the dollar on trading platform EBS, its highest since Dec. 12. Against the yen, the euro hit 102.449 yen, its highest since Dec. 22.

neal.armstrong@thomsonreuters.com; Reuters Messaging:; neal.armstrong.thomsonreuters.com@reuters.net; +44 207 5420876

Keywords: MARKETS FOREX/EURO


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