The euro rose for a fourth straight session against the dollar on Thursday, bolstered by generally successful Spanish and French debt auctions, although traders were inclined to view its gains as good selling opportunities.
Spain sold 3.75 billion euros of three bonds at the top of the targeted range, although its borrowing cost was the highest in 14 years and at levels seen as unsustainable for public finances. France also found demand for its sale of 4.35 billion euros oof debt in several maturities The euro was last up 0.3 percent at $1.34811. In midday trading, the dollar index was down 0.1 percent at 78.277, though off the 77.923 low hit on Wednesday.