Bloomberg News

Euro Extends Gain Against Dollar on Speculation ECB May Buy Debt

June 01, 2012

The euro extended a gain against the dollar as Spanish and Italian government bonds advanced on speculation the European Central Bank may purchase the securities to stem an increase in borrowing costs. The euro rose 0.2 percent to $1.2395 at 9:58 a.m. in New York

To contact the reporter on this story: Kenneth Pringle in New York at kpringle3@bloomberg.net

To contact the editor responsible for this story: Dave Liedtka at dliedtka@bloomberg.net


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