Euro rises as Cyprus banks reopenMarch 28, 2013 @ 1:38 pm
NEW YORK (AP) - The euro rose against the dollar Thursday as banks in Cyprus reopened for the first time in nearly two weeks.
The euro rose to $1.2822 in late trading Thursday from $1.2774 late Wednesday.
As part of a bailout deal, Cyprus agreed over the weekend to seize funds from big depositors. Banks have been closed to avoid a rush of withdrawals. Investors were pleased to see that there were no signs of panic at banks in Cyprus Thursday. The country has limited how much money depositors can withdraw or transfer to international banks.
In other trading, the British pound rose to $1.5189 from $1.5130.
The dollar fell to 94.13 Japanese yen from 94.38 Japanese yen and to 0.9490 Swiss franc from 0.9537 Swiss franc.
The dollar rose to 1.0165 Canadian dollars from 1.0163 Canadian dollars.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Maybe for the first time ever, Dori Monson proposes a tax
Hiring a Felon
Who was going to house and hire Renata Abramson, a felon looking for a second chance?
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.