U.S. dollar mixed against major currencies

NEW YORK, Nov. 10 (Chinese media) -- The U.S. dollar was mixed against major

currencies on Monday as China's massive economic stimulus boosted confidence in

financial markets while recession worries still dominated foreign exchange

trading.

China said Sunday it will loosen credit conditions, cut taxes and embark on

a massive infrastructure spending program in a wide-ranging effort to offset

adverse global economic conditions by boosting domestic demand.

The stimulus package estimated at 4 trillion yuan (about 570 billion U.S.

dollars) will be spent over the next two years to finance programs in 10 major

areas, such as low-income housing, rural infrastructure and public utility.

The plan sent major stock markets in Asia and Europe higher on Monday. Wall

Street opened higher, also helped by news that the U.S. government is providing

another 40-billion-dollar financial assistance to insurance giant American

International Group Inc. (AIG).

But worries over a global recession took over in late trading. The euro and

the pound gave back gains as risk appetite in foreign exchange market faded.

Analysts said the dollar and the yen would remain strong as economic outlook

remains cloudy.

The euro bought 1.2764 dollars in late New York trading compared with

1.2746 dollars it did late Friday. The pound fell to1.5602 dollars from 1.701

dollars.

The dollar rose to 1.1789 Swiss francs from 1.1774 Swiss francs, and fell

to 97.88 Japanese yen from 98.11 Japanese yen. It rose to1.1934 Canadian dollars

from 1.1878 Canadian dollars.