Dollar mixed as euro recovers

10:24, November 20, 2010      

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The U.S. dollar traded mixed against major currencies in late New York trading on Friday as the euro recovered by the confidence that the Ireland's debt problems could be solved.

The euro fluctuated between 1.365 and 1.370 against the dollar in most of Friday's trading session.

Ireland might get financial aid from its euro zone partners, but it remained unclear for now how much loan it required to fix the debt problems.

U.S. Federal Reserve Chairman Ben Bernanke, hit back at critics of the Fed's latest bond-buying program in a conference at the European Central Bank in Frankfurt. His speech helped push down U. S. Treasury yields, leading to a fall in the dollar versus the yen.

In late Friday trading, the dollar bought 83.49 Japanese yen, compared with 83.45 late Thursday, and the euro rose to 1.3672 dollars from 1.3627.

The British pound fell to 1.5973 dollars from 1.6004. The dollar dropped from 0.9965 to 0.9952 against Swiss francs, and fell to 1.0183 Canadian dollars from 1.0214.

Source: Xinhua


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