Euro rises on hopes Spain will ask for bailout

2:50 PM, Oct 2, 2012   |    comments
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Hopes rose after it was reported that Germany's economy minister will meet with his Spanish counterpart on Wednesday. A request for aid from Spain will help remove some uncertainty about Europe's debt crisis from the market.

The euro rose to $1.2936 from $1.2886. The British pound rose to $1.6154 from $1.6133.

The dollar fell to 0.9351 Swiss franc from 0.9383 Swiss franc.

The dollar rose to 78.10 Japanese yen from 78.02 yen.

(Copyright 2012 The Associated Press. All rights reserved.)