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Latest Business News

Dollar Bounces Up Against Euro

Monday, June 25, 2007 5:45:15 AM

BERLIN (AP) - The dollar rose against the euro as the British pound toyed with the $2 mark on Monday — the start of a week heavy on U.S. economic data.

The 13-nation euro bought $1.3441 in morning European trading, down from $1.3466 in New York late Friday. The pound rose as high as $1.9999 before settling back to $1.9987 — slightly below its Friday level of $1.9994.

U.S. economic data are being watched closely for hints on the Federal Reserve's future interest rate course.


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