Dollar higher

Published March 29, 2007

LONDON, March 28: The dollar regained ground on Wednesday after Federal Reserve Chairman Ben Bernanke lowered expectations of an imminent interest rate cut by saying the US central bank was keeping an eye on inflation. The euro fell to $1.3335 in late European trades from $1.3344 late Tuesday in New York. The dollar dropped to 116.80 yen in European trade, from 117.91 yen late on Tuesday. —AFP