The US dollar yesterday rose for the first time in four days against the euro on bets that the US will further cut its bond-buying stimulus programme and link guidance on when it will raise interest rates to a range of economic indicators.
The dollar gained 0.1 per cent to US$1.3925 per euro at 7.22am New York time. It depreciated to US$1.3967 last Thursday, the weakest level since October 2011. The US currency rose 0.1 per cent to 101.54 yen after falling 0.3 per cent on Tuesday. The European currency was little changed at 141.41 yen.
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