Dollar rises vs euro, could stay range-bound

The dollar rebounded against the euro on Tuesday after two sessions of losses, but tepid U.S. data and caution around a meeting of euro-zone finance ministers later in the week kept trading range-bound.

The greenback's advance came a day after comments from U.S. Federal Reserve Chairman Ben Bernanke prompted a rally in stocks on hopes the Fed could yet embark on a third round of quantitative easing.

On Monday, Bernanke said "further significant improvements in the unemployment rate will likely require a more rapid expansion of production and demand from consumers and businesses, a process that can be supported by continued accommodative policies." He made those comments to the National Association for Business Economics.

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- Posted: 2012-03-27 11:05:10

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