The euro rose against the dollar on Wednesday, hitting the day's high as a Greek government source cited details of fresh plans to tackle Greece's debt problems.

The euro rose nearly 50 ticks to around $1.3663 as the details emerged, pulling away from a 9 1/2-month low hit on Tuesday.

Markets waited to see if Greece's austerity measures, which the source said were worth 4.8 billion euros, will convince its European Union partners and potential investors it can service its 300 billion euro mountain of debt. >>