The 16-nation euro regained some losses Monday against the U.S. dollar, which had garnered support from weekend comments in which U.S. Federal Reserve Chairman Ben Bernanke did not rule out higher interest rates.
The euro was down as low as $1.4257, before rising back to $1.4386 in morning European trading _ trading around the $1.4321 level it was at on Dec. 31.
The British pound bought $1.6216, compared to $1.6169 at the end of the year, while the dollar purchased 92.79 Japanese yen, down slightly from the 93.07 on Dec. 31.
The dollar gained support after Bernanke on Sunday said stronger regulation was the best way to prevent financial …
No comments:
Post a Comment