The euro EURUSD +0.5012% fetched $1.3112 in recent action, up from $1.3051 in North American trade late Tuesday. The shared currency traded as high as $1.3121 in Asian action, according to FactSet, its highest level since Sept. 17.
“Spain’s near miss with a junk credit rating has boosted not just the euro but also the Aussie [Australian dollar] and the kiwi [New Zealand dollar], which suggests ‘positive’ Spanish news is causing a broad-based risk rally,” said Kathleen Brooks, research director at Forex.com in emailed comments.
