February 9, 2011 / 6:24 PM / 8 years ago

Dollar falls to session lows vs euro, yen after US auction

NEW YORK, Feb 9 (Reuters) - The dollar fell to session lows versus the euro and yen on Wednesday as U.S. bond yields fell after a solid auction of 10-year Treasury notes.

The euro rose as high as $1.3745EUR=EBS on trading platform EBS, breaking above resistance around $1.3740, the 61.8 percent Fibonacci retracement of its fall from November to January. It last traded at $1.3735, up 0.7 percent.

The next upside target is around $1.3765, the euro’s low on Feb. 2.

The dollar also hit a session low of 82.20 yen on EBS and was last at 82.27 yen JPY=EBS, down 0.1 percent on the day. (Reporting by Wanfeng Zhou; Editing by Diane Craft)

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