AP News

Euro falls ahead of European Central Bank meeting


NEW YORK (AP) — The euro fell against the dollar Tuesday ahead of a key European Central Bank meeting later this week.

Traders are waiting to see if the central bank will offer any details on a plan to help ease Europe's debt crisis when it meets on Thursday. ECB President Mario Draghi said in July that the bank will do whatever it takes to save the single currency, but offered no details.

Draghi canceled a trip to an annual conference of central bankers in Jackson Hole, Wyo. last week. The cancellation boosted hopes that the central bank is working on a plan to help ease Europe's debt crisis.

The euro slipped to $1.2571 in late trading Tuesday from $1.2597 late Monday. The British pound fell to $1.5879 from $1.5892.

The dollar rose to 78.45 Japanese yen from 78.27 yen, to 0.9555 Swiss franc to 0.9534 Swiss franc.

The dollar fell slightly to 98.56 Canadian cents from 98.58 Canadian cents.


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