Alexa

Euro rises against dollar

Euro rises against dollar

The euro was up slightly Wednesday against the U.S. dollar as investors anticipated positive economic news out of Germany, Europe's largest economy.
The 16-nation euro edged up to $1.4315 in morning European trading, up from $1.4309 the night before in New York.
The British pound slipped to $1.6327 from $1.6350, while the dollar declined slightly to 94.10 Japanese yen from 94.20 yen.
Traders were looking ahead to the Ifo institute's monthly business climate index for Germany. The closely watched report was expected to show a rise in confidence for the fifth month in a row.