BERLIN (AP) -- The dollar gained on the 13-nation euro Thursday as consumer confidence slipped in France, one of Europe's largest economies.In morning European trading, the euro bought $1.4745, down from $1.4857 the night before in New York. The British pound slipped to $2.0652 from $2.0812, while the dollar rose to 110.09 Japanese yen from 109.97.
The dollar slipped widely Wednesday after investors took statements from U.S. Federal Reserve Vice Chairman Donald Kohn to indicate that more U.S. interest rate cuts may be in store.
Although lower interest rates can jump-start an economy, they can also weaken a currency as investors transfer funds to countries where they can earn higher returns.
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