Dollar rises as Fed expresses doubt on stimulus

Published on NewsOK Modified: February 20, 2013 at 3:43 pm •  Published: February 20, 2013
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The dollar added to its gains against the euro in the afternoon, up about a cent in late trading. The euro fell to $1.3281 late Wednesday from $1.3389 on Tuesday. The dollar also rose to 93.81 Japanese yen from 93.44 yen.

The British pound deepened its decline. It fell below $1.52 Wednesday for the first time since July 2010 after a report showed that the Bank of England was more concerned about Britain's economy. If the country takes on more economic stimulus measures that result in lower interest rates, the pound could fall further.

In late trading, the pound was worth $1.5240 compared with $1.5423 late Tuesday.

The dollar also gained against the Canadian dollar and Swiss franc.