BERLIN — The euro has edged higher after a report saying the U.S. would support more aid for Europe through the International Monetary Fund.
The 16-nation euro traded at $1.3163 on Thursday morning, up from the $1.3132 it bought late Wednesday in New York.
According to the news agency report that cited an unidentified U.S. official, the U.S. would be willing to increase IMF support for the €440 billion European bailout fund. The U.S. is the IMF's biggest stakeholder.
Markets were also looking to Frankfurt, where the European Central Bank was widely expected to keep its interest rates unchanged at the record low 1 percent amid increase worries that a third eurozone may seek a bailout.
The British pound held steady at $1.5618, while the dollar dipped to 84.07 Japanese yen, down from 84.20 yen late Wednesday.
