NEW YORK, Nov. 12 (Xinhua) -- The U.S. dollar rose against most major currencies on Thursday as investors' risk appetite lacked support.

    Recent declines of the dollar sparked some worries that rising oil prices could hurt consumer spending and hinder economic growth. Appreciation of the currencies of other countries, especially emerging economies, dampens their export. This would also threaten a global recovery.

    APEC finance ministers who met in Singapore on Thursday promised to undertake monetary policies consistent with price stability in the context of market oriented exchange rates that reflect underlying economic fundamentals, according to a joint statement.

    The Energy Information Administration (EIA) of U.S. Department of Energy reported a jump of 1.8 million barrels in crude stocks and a rise of 2.5 million barrels in gasoline inventory last week. The numbers are both higher than analysts' forecast.

    Safety-haven demand for the dollar edged higher on Thursday as the EIA report showed that oil demand was not as good as expected.

    The pound fell against the dollar in the previous session after British central bank governor Mervyn King said he is open on whether to pump more money into the economy. The British currency rebounded on Thursday as some analysts said it was undervalued.

    The euro bought 1.4866 dollars in late New York trading compared with 1.4976 dollars it bought late Wednesday. The pound rose to 1.6570 dollars from 1.6554 dollars.

    The dollar rose to 1.0546 Canadian dollars from 1.0463 Canadian dollars, and rose to 1.0162 Swiss francs from 1.0086 Swiss francs. It rose to 90.32 Japanese yen from 89.84 Japanese yen.

Special Report:  Global Financial Crisis