The dollar rose against most major currencies on Wednesday after U.S. Treasury Secretary Henry Paulson said the government won't buy troubled assets from banks.

The euro bought 1.2512 dollars in late New York trading compared with 1.2531 dollars it bought late Tuesday. The pound fell to 1.4966 dollars from 1.5401 dollars.

The dollar was unchanged at 1.1866 Swiss francs. It fell to 95.52 Japanese yen from 97.68 Japanese yen.

(Xinhua News Agency November 13, 2008)