Dollar falls against euro in light trading
NEW YORK (AP) — The dollar is falling against the euro 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 is light 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 $1.2963 in afternoon trading from $1.2904 late Monday. The British pound rose to $1.6073 from $1.6034.
The dollar fell to 79.63 Japanese yen from 79.82 yen after the Bank of Japan expanded its government bond-buying program to help boost the country's economy.
The dollar fell to 0.9320 Swiss franc from 0.9365 Swiss franc and to 99.97 Canadian cents from 1.0008 Canadian dollar.