Euro rises against dollar

The European single currency advanced against the dollar on Tuesday after a key survey showed a surprise jump in business confidence in Germany, the biggest economy in the eurozone.
In European trading, the euro rose to 1.4848 dollars, from 1.4828 dollars in New York late on Monday.
Against the Japanese currency, the dollar fell to 107.97 yen from 108.07.
The dollar was buoyed Monday by a Wall Street rally that was sparked by relief that ratings agency Standard Poor's had maintained AAA credit ratings for two major US bond insurers, dealers said.