Dollar recovers slightly after Bernanke hit

Saturday, 13 July 2013 - 12:57


The dollar regained ground against the euro after two days of losses driven by Fed chief Ben Bernanke's pledge to hold interest rates low.


But traders said volatility would be the byword in the foreign-exchange markets for days and weeks ahead as traders wait for clearer data on the path of economic growth in the United States, Europe, China and Japan.


The dollar rose to 99.29 yen, up from 98.90 yen, and the euro moved to 129.74 yen from 129.50.