Euro rises against dollar in thin trading

AP News
|
Posted: Dec 30, 2011 3:33 PM
Euro rises against dollar in thin trading

The euro rose against the dollar Friday, a day after hitting a 15-month low.

Trading is slower than usual Friday heading into the New Year's holiday. Stock and bond markets will be closed on Monday in observance of New Year's Day.

The euro was trading at $1.2946 late Friday. It had fallen as low as $1.2857 Thursday, its lowest point since Sept. 2010, after an Italian bond auction disappointed traders. It was worth $1.2938 late Thursday.

The euro is down over 3 percent against the dollar this year. It has fallen as European leaders failed to solve the region's ongoing debt crisis.

In other trading Friday, the British pound rose to $1.5509 from $1.5395. The dollar fell to 70.01 Japanese yen from 77.65 Japanese yen, to 0.9385 Swiss franc from 0.9415 Swiss franc and to 1.0180 Canadian dollar from 1.0212 Canadian dollar.