Bloomberg News

Euro Erases Advance Versus Dollar, Trading at $1.2974

November 27, 2012

The euro erased an advance versus the dollar after Federal Reserve Bank of Dallas President Richard W. Fisher said accommodative policies can’t be left in place forever and limits should be set on U.S. quantitative easing, boosting demand for the U.S. currency.

The euro was little changed at $1.2974 at 8:35 a.m. London time after rising as much as 0.3 percent to $1.3009, the highest in three weeks.

To contact the reporter on this story: Neal Armstrong in London at narmstrong8@bloomberg.net

To contact the editor responsible for this story: Mark McCord at mmccord2@bloomberg.net


We Almost Lost the Nasdaq
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus