Euro rises after comments from ECB chief

NEW YORK -- The euro is rising against the dollar after European Central Bank President Mario Draghi said that Spain is making progress toward getting its finances under control.

Draghi made his comments after the ECB said it was leaving its key interest rate for the 17 countries that use the euro unchanged.

The euro rose to $1.3018 in late trading from $1.2899 late Wednesday. The British pound rose to $1.6185 from $1.6072.

The dollar slipped to 78.50 Japanese yen from 78.52 yen.