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Dollar Up As The ECB Signals In July Will Increase Interest Rates |
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Friday, 10 June 2011 05:31 |
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Dollar rises as investors sell the euro after European Central Bank President hinted that the possibility of higher interest rates will occur in July, but some investors do not expect it.
In late trading Thursday in New York, the euro fell to $ 1.4509 from previous levels at $ 1.4575. Dollar Japan rose to 80.36 yen from 79.94 yen at the previous level, while the British pound fell to as low as $ 1.6369 from previous levels at $ 1.6390.
In other trading the dollar fell to 97.38 Canadian cents from the previous level of 97.92 but rose to 0.8411 Swiss francs from the previous level at 0.8371 Swiss francs.
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