The euro is hovering around $1.35 after a meeting of European Union finance ministers ended without agreement to bail out Ireland, at least for now.
The euro bought $1.3501 in Europe early Wednesday, close to the $1.3490 it bought in New York late Tuesday.
It has been hit by worries that debt-ridden Ireland will need a bailout, which Dublin is resisting — although EU, European Central Bank and International Monetary Fund representatives will travel there this week to determine what to do about its troubled banks.
The dollar’s safe-haven status also is being enhanced by prospects of Chinese measures to rein in price rises — though it’s unclear what those might be.
The dollar rose Wednesday to 83.39 yen from 83.28 yen and the pound traded at $1.5880 from $1.5879.
