Dollar rises ahead of expected European rate cuts

Special Report:Global Financial Crisis

NEW YORK, Dec. 3 (Chinese media) -- The dollar rose against

most major currencies on Wednesday ahead of widely expected rate cuts by the

European Central Bank and the Bank of England.

The euro bought 1.2655 dollars in late New York

trading compared with 1.2697 dollars it bought late Tuesday. The pound fell to

1.4722 dollars from 1.4876 dollars.

The dollar rose to 1.2141 Swiss francs from 1.2072

Swiss francs, and fell to 93.09 Japanese yen from 93.22 Japanese yen.

Yuan weakens against dollar for 4th straight trading day after interest cuts

BEIJING, Dec. 2 (Chinese media) -- China's currency, the yuan, fell by the daily limit against the U.S. dollar for a second day on Tuesday, its fourth straight daily decline.

The yuan finished at 6.8870 per U.S. dollar on the over-the-counter market, having declined 0.5 percent against its central parity rate.

China's yuan strengthens after largest one-day fall against greenback

BEIJING, Dec. 3 (Chinese media) -- China's currency, the yuan, strengthened against the U.S. dollar on Wednesday. This came just days after it fell to its lowest value since its peg to the dollar ended in July 2005.

The central parity rate of the yuan, or Renminbi (RMB), was 6.8502 yuan to the U.S. dollar, according to the China Foreign Exchange Trading System.