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U.S. dollar rises against euro

Xinhua, January 23, 2016 Adjust font size:

The U.S. dollar gained against euro Friday as the European Central Bank (ECB) President Mario Draghi's comments signaled further stimulus.

The ECB announced earlier on Thursday that its key interest rates would remain unchanged at record low levels.

"It will therefore be necessary to review and possibly reconsider our monetary policy stance at our next meeting in early March," Draghi said on Thursday, "Work will be carried out to ensure that all the technical conditions are in place to make the full range of policy options available for implementation, if needed."

Draghi's comments suggested the central bank is willing to offer more stimulus at its next meeting in March.

The dollar index, which measures the greenback against six major peers,was up 0.56 percent at 99.573 in late trading.

In late New York trading, the euro lost to 1.0792 dollars from 1.0882 dollars of the previous session, and the British pound increased to 1.4273 dollars from 1.4216 dollars. The Australian dollar went up to 0.7007 dollars from 0.6986 dollars.

The dollar bought 118.83 Japanese yen, higher than 117.46 yen of the previous session. The dollar moved up to 1.0163 Swiss francs from 1.0068 Swiss francs, and it moved down to 1.4153 Canadian dollars from 1.4286 Canadian dollars. Endit