Euro Extends Advance Versus Dollar After ECB Three-Year Cash Tops Forecast

The euro extended gains against the dollar and the yen after the European Central Bank awarded 489 billion euros ($645 billion) in 1,134-day loans to banks, more than the 293 billion euros forecast by economists.

The euro strengthened 0.8 percent to $1.3182 at 10:30 a.m. London time, and rose 0.5 percent against the yen to 102.43.

To contact the reporter on this story: Anchalee Worrachate in London at aworrachate@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net

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