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Euro rises to session high versus dollar
February 26, 2013 / 10:06 AM / 5 years ago

Euro rises to session high versus dollar

LONDON, Feb 26 (Reuters) - The euro rose to a session high against the dollar on Tuesday as some investors and speculators bought the common currency back after it tumbled to a seven-week low earlier on fears of a political deadlock in Italy.

The euro rose to a session high of $1.3119 and was up 0.4 percent on the day against the dollar. Traders said a U.S. investment bank was the main buyer of the euro and cited stop-loss orders above $1.3120 which was close to its 100-day moving average of $1.3123.

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