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Euro hits 3-week high vs dollar as market hunts for stops

TOKYO: The euro rose to a three-week high against the dollar in early Asian trade on Tuesday as market players hunted
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By Abdul Ahad
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euro-vs-dollarTOKYO: The euro rose to a three-week high against the dollar in early Asian trade on Tuesday as market players hunted stop-loss orders around $1.4345-50.

The euro rose as high as $1.4354 , rising above its May 20 high of $1.4346, with the next possible target seen at around $1.4373, the top of the Ichimoku cloud.

 

Copyright Reuters, 2011

 

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