Wall Street rises as euro recovers against dollar

Investors have been cautious ahead of a U.S. Federal Reserve statement due on Wednesday, when they expect the central bank to give a clearer signal on the timing of its first interest rate hike in almost a decade. The Dow lost 0.6 percent last week while the Nasdaq declined 1.1 percent. A recovery in the euro was reassuring investors, said Nick Colas, chief market strategist at brokerage Convergex, in New York, as a rapidly rising U.S. dollar would pressure U.S. corporate earnings, especially fo