Euro jumps to session high vs dollar
The euro jumped to a session high against the dollar on Friday after investors unwound bets to sell the shared currency on speculation that the European Central bank may start lending funds to the IMF.
The euro rose to multi-week highs versus the dollar and the yen on Wednesday as hopes that Greece would agree on austerity measures needed to secure a second bailout boosted sentiment and forced speculators to trim shorts in the common currency.