November 18, 2010 / 9:12 AM / 9 years ago

Euro up on talk of good Spanish bond auction results

LONDON, Nov 18 (Reuters) - The euro extended gains to rise one percent on the day versus the dollar on Thursday as speculation a Spanish government bond auction would see good demand and optimism that aid would be granted to Ireland soon.

“It seems the Spanish auction going well... hence the euro is bid,” said a London-based sales trader.

The euro rose 1 percent to the day's high of $1.3655 EUR=.

Sterling GBP=D4 rose to the day's high of $1.5975, with traders citing demand from Russian and Asian names. They added that stop-loss orders triggered above $1.5950 helped to push the pound higher.

Australian dollar also rose 1 percent to $0.9903 AUD=D4. (Reporting by London forex team)

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