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Dollar Rises Versus Yen, Euro; Bernanke Sees Less Economic Risk
Dollar Rises Versus Yen, Euro; Bernanke Sees Less Economic Risk
By Bo Nielsen and Ye Xie
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June 10 (Bloomberg) -- The dollar rose to a three-month high against the yen and climbed versus the euro after Federal Reserve Chairman Ben S. Bernanke said economic risks have faded, spurring traders to boost wagers interest rates will rise.
Bernanke said late yesterday that the central bank will ``strongly resist'' any waning of public confidence in stable prices. ``Strong'' economic fundamentals will translate to dollar strength, Treasury Secretary Henry Paulson said today in a Bloomberg Television interview in Washington. |
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