By Deborah Levine
Last update: 9:07 a.m. EST Dec. 22, 2008Comments: 3
NEW YORK (MarketWatch) -- The U.S. dollar was higher against some major currencies in early trading Monday, as risk aversion waned and U.S. equity futures pointed higher. The dollar index rose 0.4% to 80.853. The dollar rose 0.4% to 89.80 versus the Japanese yen, which also was pressured as the Bank of China lowered interest rates by 0.27-percentage point. The euro pared some earlier gains but remained up 0.6% at $1.3996 even as European Central Bank Governing Council member Miguel Angel Fernandez Ordonez said Sunday the bank may cut interest rates next month if inflation expectations were significantly less than 2%.
