Skip to main content
Advertising

Originally published Tuesday, April 10, 2012 at 9:44 AM

  • Share:
             
  • Comments (0)
  • Print

Dollar rises as Spain's borrowing costs increase

Rising borrowing costs in Spain are pushing the dollar higher against the euro.

The Associated Press

Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >

advertising

NEW YORK —

Rising borrowing costs in Spain are pushing the dollar higher against the euro.

The dollar hit a one-month low against the Japanese yen after the Bank of Japan said it would leave its key interest rate unchanged.

The yield on Spain's benchmark 10-year bond jumped above 5.9 percent Tuesday, the highest point since November. The rate was below 4.9 percent in early March. Rising yields are a sign that investors are less confident in the country's finances.

The euro fell to $1.3076 late Tuesday from $1.3116 late Monday.

On Tuesday, the Bank of Japan said that they would not make any changes to its economic policy. It also said that the economy is showing signs of improvement.

The dollar fell to 80.79 Japanese yen late Tuesday from 81.66 yen. It fell as low as 80.79 yen Tuesday, its lowest point since March 7.

In other trading, the British pound fell to $1.5858 from $1.5902. The dollar rose to 0.9190 Swiss franc from 0.9164 Swiss franc and rose to 1.0039 Canadian dollar from 99.65 Canadian cents.

News where, when and how you want it

Email Icon


Advertising