Euro, yen slightly higher against U.S. dollar

The euro and the yen rose slightly against the U.S. dollar on Wednesday.

The 13-nation euro bought US$1.3133 in afternoon European trading, slightly above its level of US$1.3121 in New York late Tuesday.

The British pound edged down to US$1.9288 from US$1.9292. The dollar slipped to 116.32 yen from 116.67 yen.

Global stock markets were relatively calm after a week of wild fluctuations. On Thursday, the European Central Bank is widely expected to raise its key refinancing rate to 3.75 percent from 3.5 percent.

Still, "many will be eyeing the (U.S.) non-farm payrolls due for release on Friday before further meaningful direction may be found" in currency trading, said David Jones, chief markets analyst at CMC Markets, reports AP.

The dollar had risen against the yen on Tuesday, recovering after trading as low as 115.13 yen during Monday's session. It bought more than 120 yen less than a week ago.

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