Euro, sterling hit 3-week highs vs dollar

LONDON, Dec 14 (BestGrowthStock) – The euro and sterling hit a
three-week high against the dollar on Tuesday, extending gains
on reported Asian sovereign buying of euros and as the U.S.
currency lost more ground on worries about U.S. finances.

The euro rose 0.5 percent on the day to $1.3462 (EUR=: ), with
stop loss orders reportedly triggered at $1.3450-60, traders
said. It also hit a three-week high versus the yen (EURJPY=R: ) of
112.21 yen, according to Reuters data.

Sterling (GBP=D4: ) rose as high as $1.5906, its highest since
Nov. 23, helped by an unexpected improvement in house prices.

The dollar hit a three-week low against a basket of
currencies (.DXY: ) of 79.013.

(Reporting by London Forex team)

Euro, sterling hit 3-week highs vs dollar