Euro rises against dollar on stronger German data

(AP) The euro is rising against the dollar after an index of German investor optimism rose more than expected in December.

Traders also are watching the U.S. Federal Reserve, which began a two-day policy meeting Tuesday. Some economists expect the Fed to announce a new bond-buying plan to boost the economy.

The euro rose to $1.3007 in afternoon trading from $1.2938 late Monday.

The British pound rose to $1.6110 from $1.6071. The dollar slipped to 0.9327 Swiss franc from 0.9333 Swiss franc.

The dollar rose to 82.41 Japanese yen from 82.33 yen.