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Euro hits two-month high, dollar slides on stops

Published 08/02/2009, 08:06 PM
Updated 08/02/2009, 08:08 PM

TOKYO, Aug 3 (Reuters) - The euro surged to a two-month high against the dollar on Monday and edged close to its highest in seven months, as the dollar extended its broad losses after sterling jumped on stop-loss buying.

The euro climbed to as high as $1.4310 on trading platform EBS, its highest since June 3. A rise above $1.4339 would take it to its highest since late December.

After trimming some gains, the euro was 0.2 percent higher on the day at $1.4285. (Reporting by Masayuki Kitano)

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