Tuesday 16 December 2008

Dollar Down in European Trading

The U.S. dollar was lower against other major currencies in European trading Tuesday afternoon. Gold rose.

The euro traded at $1.3826, up from $1.3665 late Monday in New York.

Other dollar rates:

--89.94 Japanese yen, down from 90.60

--1.1392 Swiss francs, down from 1.1602

--1.2205 Canadian dollars, down from 1.2389

The British pound was quoted at $1.5344, up from $1.5253.

Gold traded in London at $ 838.25 per troy ounce, up from $826.00 late Monday.

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