Dollar gains some ground

The dollar rose against the euro this morning, trading at $1.4743, up from $1.4841 yesterday. As of 11 a.m., the dollar was trading at $1.4771 against the euro, according to a Forex live stream chart. U.S. currency this year has fallen 11% on a trade-weighted basis, but with the Federal Reserve’s Beige Book release indicating continued U.S. economic growth over the past two months, analysts are now expecting credit risk to ease and the dollar to stabilize, according to published reports. The dollar improved to $2.0608 against the pound, from $2.0823. The Japanese yen also gained against the euro, trading at 161.96 from 163.32, and trading 226.39 from 229.13 against the pound; the dollar traded at 109.85, improving from 110.03.