U.S. dollar falls against euro

08:33, July 14, 2010      

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The U.S. dollar fell against the euro on Tuesday as concerns on Europe's debt problem eased.

The dollar rose against the euro Tuesday morning after Moody's said it had downgraded Portugal's debt rating, citing the country' s deteriorating public finances and weak growth prospects.

The greenback weakened later against the euro as concerns for the health of the eurozone eased when Greece successfully raised funds on the bond market just two months after an EU-IMF bailout averted a national bankruptcy.

The euro rose to 1.2702 dollars from 1.2598 dollars late Friday.

The British pound rose to 1.5156 dollars from 1.5033 dollars in late trading.

The dollar rose to 88.57 Japanese yen from 88.54 yen on Monday, while fell to 1.0562 Swiss francs from 1.0600 francs, and fell to 1.0324 Canadian dollars from 1.0371 Canadian dollars.

Source:Xinhua

(Editor:黄蓓蓓)

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