Summary Dollar rose against euro and pound on Wednesday as industrial production slowed in Germany.
NEW YORK (AFP) - The dollar rose against the euro and the pound on Wednesday as industrial production slowed in Germany, adding to fears of a dip in growth in Europe s largest economy.
Investors were also awaiting a decision due Thursday from the European Central Bank on interest rates.
Towards 2100 GMT, the euro was at $1.1242, down from $1.257 the day before, and the pound bought $1.3340, down from $1.3442.
But the dollar weakened against the yen, worth 101.73 yen, down from 101.99 on Thursday.
In Germany, industrial production was 1.5 percent lower than during the previous month, the federal statistics office Destatis said.
"Against the euro the dollar managed to grind a little bit higher given the weak German factory data overnight," said Omer Esiner of Commonwealth Foreign Exchange.
"At the same time we have a European central bank meeting tomorrow. We are not expecting any major changes towards policy however there is a risk that they could extend the quantitative easing program a little bit further effectively giving the bank a little bit more time to continue its asset purchases."
