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Euro hits session highs against the dollar

European currency reached level on Feb. 27 after an auction of Italian government bonds was met with solid investor demand

By Richard Nehme | Feb. 28, 2013 10:11 GMT
Euro continues to benefit from weaker USD
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EUR/USD - the euro hit session highs against the dollar on Wednesday after an auction of Italian government bonds was met with solid investor demand and following the release of mixed U.S. economic data. EUR/USD continued this trend in Asian trading this morning reaching a high of 1.3162, the pair’s highest since February 25 before consolidating at 1.3145. EUR/USD support today is at 1.3040, Wednesday’s low, with resistance at 1.3244, the high of February 22 [...]

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