NEW YORK May 22 The euro extended gains against
the dollar, while the dollar pared gains against the Swiss franc
and yen on Wednesday after Federal Reserve Chairman Ben Bernanke
said monetary stimulus is helping the U.S. economy recover and
the central bank needs to see further signs of traction before
it removes existing measures.
The euro was last up 0.6 percent at $1.2980 after
climbing as high as $1.2983, a one-week high. The dollar was
last at 102.83 yen compared with the 103 yen it traded at
before Bernanke's testimony reached investors. The dollar was at
0.9710 Swiss franc compared with the 0.9732 it traded at
prior to Bernanke.