The euro rose against the U.S. dollar Wednesday as oil prices rebounded, even while the European Central Bank president said euro nations are seeing the first signs of an inflation price spiral and German data showed exports weakening, according to AP. The 15-nation currency bought US$1.5737 in afternoon Frankfurt trading, up from US$1.5657 in New York late Tuesday. The euro rose despite signs of weakness in the euro zone. Germany's Federal Statistics Office reported that exports decreased by 3.2 percent in May compared with the previous month _ although they were up by 2.5 percent on the year. In other currencies, the British pound rose to US$1.9770 from US$1.9689 the night before; while the dollar was down to 107.14 Japanese yen from 107.45 yen.
