NEW YORK (AP) — The euro is rising against the dollar after Federal Reserve Chairman Ben Bernanke signaled that there were no imminent plans to launch another round of bond-buying to help the economy.
Bernanke did say that the Fed is prepared to take further steps if the economy weakens further.
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Traders also bought euros after two separate successful bond auctions in Spain and France. Speculation increased Thursday that Europe is preparing to give Spain financial aid to help rescue its banks.
The euro rose slightly to $1.2556 in afternoon trading from $1.2546 late Wednesday.
In other trading, the British pound rose to $1.5553 from $1.5474.
The dollar rose to 79.58 Japanese yen from 79.17 yen.
