Dollar falls against euro in light trading

AP News
Posted: Oct 30, 2012 5:01 PM

NEW YORK (AP) — The dollar fell against the euro Tuesday after Italy easily raised more than $10 billion in a bond auction. That's a sign that investors are more confident in the country's finances.

Currency trading was light Tuesday after Superstorm Sandy hit the East Coast. U.S. stock markets were closed again on Tuesday, but plan to open on Wednesday.

The euro rose to $1.2962 in late trading Tuesday from $1.2904 late Monday. The British pound rose to $1.6077 from $1.6034.

The dollar fell to 79.60 Japanese yen from 79.82 yen after the Bank of Japan announced that it would expand its government bond-buying program to help boost the country's economy.

The dollar fell to 0.9323 Swiss franc from 0.9365 Swiss franc and to 99.96 Canadian cents from 1.0008 Canadian dollar.