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LONDON, Oct 14: The dollar fought back against the euro on Tuesday, spurred on by a stronger US stock market and prospects of a further improvement in US economic data.
The single European currency fell to $1.1643 from 1.1703 late on Monday in New York.
The dollar stood at 109.84 yen against 108.94 on Monday.
The US currency perked up after shares rallied to new highs for the year Monday on rising confidence over prospects for company earnings and the economy.
The dollar has been under pressure on the foreign exchange market since a call by the Group of Seven rich nations’ club in Dubai on September 20 for more flexible exchange rates.—AFP
