The euro is up against the dollar as markets await a speech by the head of the U.S. Federal Reserve for any signs the central bank will take measures to bolster the U.S. economy The euro, used by 16 nations, bought $1.2724 early Friday, up from $1.2703 overnight in New York.
Fed Chairman Ben Bernanke is to give an address later Friday and markets are hoping for indicators on policy after a run of weak economic data. Also due is the latest estimate of U.S. economic growth, expected to be revised down.
In other currencies, the British pound slipped to $1.5517, down from the $1.5526 late Friday.
The dollar climbed to 84.74 Japanese yen, up from 84.38 yen late Thursday and the 15-year low of 83.61 yen it hit Tuesday.
Source: Associated Press
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