MW:Euro turns up vs. dollar after Bernanke remarks
By William L. Watts
FRANKFURT (MarketWatch) -- The euro erased a loss versus the dollar after U.S. Federal Reserve Chairman Ben Bernanke said the central bank's ultra-low interest rate policy can help the labor market, but warned that faster economic growth was crucial to ensuring further declines in unemployment. The euro EURUSD +0.2637% traded at $1.3279, up from $1.3265 in North American trade late Friday. The dollar trimmed a gain versus the Japanese yen but remained higher at 82.69 yen, up from 82.46 yen on Friday.
