Euro rises, Bunds extend fall after German ZEW data

LONDON Tue Dec 11, 2012 5:09am EST

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LONDON Dec 11 (Reuters) - The euro rose to a session high against the dollar while Bunds extended losses on Tuesday after the German ZEW sentiment survey for December beat expectations.

The euro rose to a session high of $1.2976 after the data was released, from around $1.2964 beforehand. The euro recovered further from a two-week low of $1.2880 struck on Monday on political turmoil in Italy.

German Bund futures extended their earlier fall, reaching a session low of 145.38, down 22 ticks on the day.