Dollar rises after comments from ECB president

AP News
Posted: May 03, 2012 4:33 PM
Dollar rises after comments from ECB president

The dollar rose against the euro Thursday after the European Central Bank made it seem unlikely that it would take more steps to ease the region's debt crisis anytime soon.

The ECB kept its main interest rate unchanged, as expected. At a press conference, ECB President Mario Draghi gave no indication that the central bank would launch additional stimulus measures to boost Europe's economy.

The euro fell to $1.3151 late Thursday from $1.3162 late Wednesday.

Traders are looking ahead to Friday's monthly U.S. employment report. Analysts expect the government to report that employers added 163,000 jobs in April.

In other trading Thursday, the British pound fell to $1.6181 from $1.6197. The dollar rose to 80.29 Japanese yen from 80.17 yen, to 0.9135 Swiss franc from 0.9132 Swiss franc and to 98.87 Canadian cents from 98.66 Canadian cents.

The dollar also rose against the Australian and New Zealand dollar, the Norwegian krone, the Hong Kong dollar and the Mexican peso.