• Most Popular
  • Most Shared

Dollar pares gains vs euro after Bernanke comments

Mon Dec 1, 2008 1:58pm EST

NEW YORK, Dec 1 (Reuters) - The dollar trimmed gains against the euro on Monday after Federal Reserve Chairman Ben Bernanke said the United States is now better equipped to tackle systemic risks.

Currencies

The euro last traded 0.3 percent lower at $1.2652, compared with $1.2641 before Bernanke's remarks EUR=.

Bernanke said the U.S. economy remained under considerable strain. He added further interest rate cuts beneath the Fed's current target of 1 percent for its benchmark overnight funds rate were "certainly feasible", but suggested the Fed would also use other unconventional measures to aid growth. See [ID:nWEQ000439]. (Reporting by Wanfeng Zhou; Editing by James Dalgleish)

Currencies


More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    PICTURES
    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    Oddly Enough
    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

    Global Markets