Euro near $1.41 ahead of Bernanke speech

AP News
Posted: Oct 15, 2010 4:12 AM
Euro near $1.41 ahead of Bernanke speech

The euro is within sight of nine-month highs against the dollar ahead of a speech by Federal Reserve Chairman Ben Bernanke that could give more details of new action to stimulate the U.S. economy.

The 16-nation euro bought $1.4094 in Friday morning European trading. That was below the $1.4121 it reached the previous day, its highest since late January, but above its level of around $1.4050 later Thursday.

The British pound, which slipped below $1.60 on Thursday, was up to $1.6034.

The dollar remained weak against the Japanese currency, buying 81.20 yen - still above Thursday's 15-year low of 80.94 yen.

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