SB: Dollar rises as hope fades for Europe crisis fix
NEW YORK -- The dollar is gaining against the euro as investors begin to doubt that European officials will unveil a sweeping plan to help resolve the region's debt crisis.
Hope that a plan was in the works helped the euro gain against the dollar earlier in the week.
With no announcement of a deal from European leaders, the euro has given up some of its gains.
In midday trading Friday, the euro fell to $1.3439 from $1.3559 late Thursday. The dollar rose to 77.15 Japanese yen from 76.71 Japanese yen, to 0.905 Swiss franc from 0.8994 Swiss franc.
Meanwhile, the British pound rose to $1.5625 from $1.5590.
