NEW YORK, Sept. 21 (Xinhua) -- The U.S. dollar slipped against the euro and other major currencies on Friday as investors were expecting Spain to ask for a bailout in the near future.
With enthusiasm over central bank stimulus gradually fading away and no major eye-catching economic news, Spain took the center stage once again as investors were expecting the debt- ridden country to ask for a bailout to help its economy.
The euro got a lift after report showed Spain has begun considering a series of structural reforms to meet the requests of the bailout fund and the plans would be disclosed on Sept. 27.
Although Spain's deputy prime minister later denied that the government was discussing the plans, analysts said there seemed to be progress in helping Spain.
Fueling the optimism in the market, a report showed the European officials were actually discussing a bailout plan for Spain. According to an anonymous official involved in the discussion, the plan will focus on structural measures instead of new tax or spending cuts.
In late New York trading, the euro gained to 1.2989 from 1.2967 on Thursday, while the British pound rose to 1.6247 dollars from 1. 6211.
The dollar slipped to 0.9323 Swiss francs from 0. 9330 while added to 0.9771 Canadian dollars from 0.9766.
The dollar bought 78.15 Japanese yen, down from 78.26 in the previous session.