Markets & Finance

Dollar Dn Against the Euro

MARKETSCOPE : The dollar weakened against the euro on Wednesday, as investors waited to see what European monetary authorities will do to their rates in the coming days.

The euro was at $1.2068 near closing time from $1.1998 earlier Wednesday. The European Central Bank will meet and discuss interest rates at its meeting Thursday.

The sterling was at $1.7768 from $1.7649, as investors waited to see what the Bank of England will do to rates at its policy meeting next week.

The dollar was at 116.82 yen, down from its 2-year high of 116.95 yen earlier Wednesday.

The Federal Open Market Committee already hiked interest rates in the U.S. by 25 basis points on Tuesday.

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