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NEW YORK: The euro rallied to a one-month high against the US dollar on Wednesday as news of a Slovakia deal on ratifying a plan to expand the euro zone rescue fund had investors covering short positions and placing bets on the region's common currency.
The euro hit a high of $1.3817, according to Reuters data. It last traded at $1.3808, up 1.2 percent on the day.
Parties in the outgoing Slovak government have reached an agreement with a leftist opposition leader on ratifying a plan to strength the euro zone's European Financial Stability Facility rescue fund, TA3 television reported.
US stocks rallied while safe-haven Treasuries fell.
Copyright Reuters, 2011
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