LONDON, Aug 8: The euro rose above $1.38 on Wednesday, a day after sliding on prospects that US interest rates would remain unchanged for a while longer instead of heading lower, traders said.

In late European trade, the single currency rose to $1.3807, from $1.3736 in New York late on Tuesday.

The dollar climbed to 119.72 yen, from 118.82 yen.

The euro was changing hands at $1.3807, against $1.3736 late on Tuesday, 165.31 yen (163.24), 0.6781 pounds (0.6795) and 1.6496 Swiss francs (1.6447).

The dollar stood at 119.72 yen (118.82) and 1.1946 Swiss francs (1.1972).—AFP