The dollar traded higher against the euro on Tuesday, amid mixed news over the eurozone economy. The euro declined to 1.3093 dollars at around 2200 GMT from 1.3126 dollars late Monday. Against the Japanese currency, the dollar rose to 83.90 yen from 83.78 yen on Monday.
China on Tuesday expressed support for EU's measures to tackle the eurozone debt crisis, but that was offset by Moody's warning over a possible ratings downgrade for Portugal over its massive debt. "Some supportive comments from China helped the euro, even as peripheral Eurozone bond yields drifted higher," said Nick Bennenbroek of Wells Fargo Express FX.
After Greece and Ireland had to be salvaged by massive international bailouts, other European members, mainly Portugal, Spain, Belgium and even Italy are considered at risk of crisis in 2011. In late New York trade, the pound declined to 1.5469 dollars from 1.5506 dollars the previous day. The dollar fell to 0.9581 Swiss francs from 0.9644.
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