04:44
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DOLLAR
The dollar index DXY -0.05% , which measures the greenback’s performance against a basket of six other major currencies, rose to 82.283 in East Asian trading Thursday afternoon, compared with 82.264 in North American trade late Wednesday. The gains came ahead of Federal Reserve Chairman Ben Bernanke’s testimony before the Congress on the central bank’s economic outlook later in the day.
EURO
The euro strengthened for a fifth day against the yen after Spanish and French government bond auctions boosted confidence that Europe can contain its sovereign debt crisis.
The 17-nation currency pared a decline versus the dollar after Spain sold 2.07 billion euros ($2.6 billion) of debt, exceeding its 2 billion-euro maximum target, two days after Budget Minister Cristobal Montoro said the “door of the markets isn’t open” to the country.
The dollar index DXY -0.05% , which measures the greenback’s performance against a basket of six other major currencies, rose to 82.283 in East Asian trading Thursday afternoon, compared with 82.264 in North American trade late Wednesday. The gains came ahead of Federal Reserve Chairman Ben Bernanke’s testimony before the Congress on the central bank’s economic outlook later in the day.
EURO
The euro strengthened for a fifth day against the yen after Spanish and French government bond auctions boosted confidence that Europe can contain its sovereign debt crisis.
The 17-nation currency pared a decline versus the dollar after Spain sold 2.07 billion euros ($2.6 billion) of debt, exceeding its 2 billion-euro maximum target, two days after Budget Minister Cristobal Montoro said the “door of the markets isn’t open” to the country.
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