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Euro extends gains versus dollar, rises to session high

Wed Jun 17, 2009 11:52pm IST
 
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NEW YORK, June 17 (Reuters) - The euro extended gains against the dollar on Wednesday as U.S. stocks rose, reducing safe-haven demand for the greenback.

The euro pushed up to a session peak of $1.3959 EUR=EBS, and was last up 0.8 percent on the day at $1.3945.

The dollar came under broad pressure on Wednesday after tame U.S. inflation data dampened speculation the Federal Reserve would raise interest rates anytime soon.

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