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Euro extends 7-week high vs dollar, rises 1 pct on day
October 27, 2011 / 12:11 PM / 6 years ago

Euro extends 7-week high vs dollar, rises 1 pct on day

LONDON, Oct 27 (Reuters) - The euro extended gains against the dollar on Thursday, gaining one percent on the day to hit a fresh seven-week high as a deal from EU leaders to tackle the euro zone debt crisis continued to buoy the single currency.

The euro rose to $1.40475 on trading platform EBS, its strongest since early September, breaking above a high of $1.40388 hit earlier in the day but stopping short of a reported options barrier at $1.4050. Beyond there it could target the 100-day moving average around $1.4079 and the 200-day average just ahead of $1.41.

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