Dollar firms against euro
Afp, London
The dollar firmed against the euro and the yen on Tuesday, as dealers set aside evidence of rising investor confidence in Germany and looked instead to easing concerns over the US economy. In early European trading, the dollar rose to 121.50 yen, close to a three-month peak and compared with 121.45 yen in New York late on Monday. The European single currency eased to 1.3464 dollars, from 1.3469 dollars on Monday. German investor confidence hit the highest level in 11 months in May as the eurozone's biggest economy shrugged off a steep rise in sales tax and slowing growth in the US, according to a new poll published on Tuesday.
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