Euro Rises Against Dollar on Stronger German Data

NEW YORK (AP) -- The euro rose against the dollar Tuesday after an index of German investor optimism rose more than expected in December.

Traders also were watching the U.S. Federal Reserve, which began a two-day policy meeting Tuesday. Some economists expect the Fed to announce a new bond-buying plan to boost the economy on Wednesday.

The euro rose to $1.3003 in late trading Tuesday from $1.2938 late Monday.

The ZEW indicator of German economic sentiment rose to plus 6.9 points, from minus 15.7 in November. Economists had expected the index to rise to minus 11.5.

The British pound rose to $1.6111 from $1.6071. The dollar slipped to 0.9327 Swiss franc from 0.9333 Swiss franc and to 98.66 Canadian cents from 98.71 Canadian cents.

The dollar rose to 82.50 Japanese yen from 82.33 yen.


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