U.S. Dollar rises against most of its peers amid less stimulus

The U.S. Dollar appreciated versus the majority of its counterparts on Wednesday after the Federal Reserve Chairman Ben Bernanke told Congress that the central bank will scale back its stimulus program if the economy shows favourable results. The so-called Greenback added 0.4% to $1.2855 per Euro as of 2:06 p.m. New York time after dropping to $1.2998, the fewest since May 14.