NEW YORK (CNNMoney.com) -- The euro regained ground against the dollar for the second straight day, after touching new four-year lows earlier in the week.
What prices are doing: The euro rose 0.8% against the dollar to $1.2067 Wednesday, after plummeting to the $1.18 mark earlier in the week -- levels not seen since the shared currency's debut on Jan. 4, 1999.
The greenback also rose 0.1% against the Japanese yen to ¥91.55, but dipped 0.9% on the British pound to $1.4601.
What's moving the market: The euro has been battered over the past three months, falling more than 12%, as fears about Europe's debt crisis sent investors fleeing to safe-haven investments such as the greenback.
The slight reversal in the shared currencies direction on Wednesday was brought on in part by moderately reassuring remarks made by Federal Reserve Chairman Ben Bernanke earlier in the week.
On Monday, Bernanke said in an interview that the recovery is underway, but that it 'won't feel terrific'. He also helped to allay investor fears, saying that the impact of Europe's woes on the U.S. economy are unlikely to be as devastating as many fear.
This helped to boost demand for riskier assets such as stocks, which have rebounded from 7-month lows, commodities, and the euro on Wednesday.
Overnight Avg Rate | Latest | Change | Last Week |
---|---|---|---|
30 yr fixed | 3.80% | 3.88% | |
15 yr fixed | 3.20% | 3.23% | |
5/1 ARM | 3.84% | 3.88% | |
30 yr refi | 3.82% | 3.93% | |
15 yr refi | 3.20% | 3.23% |
Today's featured rates:
Index | Last | Change | % Change |
---|---|---|---|
Dow | 32,627.97 | -234.33 | -0.71% |
Nasdaq | 13,215.24 | 99.07 | 0.76% |
S&P 500 | 3,913.10 | -2.36 | -0.06% |
Treasuries | 1.73 | 0.00 | 0.12% |
Company | Price | Change | % Change |
---|---|---|---|
Ford Motor Co | 8.29 | 0.05 | 0.61% |
Advanced Micro Devic... | 54.59 | 0.70 | 1.30% |
Cisco Systems Inc | 47.49 | -2.44 | -4.89% |
General Electric Co | 13.00 | -0.16 | -1.22% |
Kraft Heinz Co | 27.84 | -2.20 | -7.32% |
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