Dollar up against euro, down against yen

    NEW YORK, Jan. 18 (Xinhua) -- The U.S. dollar rose against the euro but fell against the yen Friday as news of a U.S. economic stimulus package calmed investors.

    The greenback was also bolstered as the preliminary reading of consumer sentiment index for January came in higher than expected.

    Increased consumer sentiment prompted some risk takers to move into carry trades where they borrow low-yielding currencies such as the yen to buy assets in higher yielding currencies.

    In late New York trading, the euro fell to 1.4622 dollars from 1.4673 dollars Thursday.

    The British pound slipped to 1.9681 dollars from 1.9713 dollars, dragged down by disappointing retail sales data in Britain.

    The dollar fell to 106.67 yen from 107.00 yen and 1.0990 Swiss francs from 1.1003 Swiss francs. It fell to 1.0282 Canadian dollars from 1.0299 Canadian dollars.