Dollar Up
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
LONDON (AP) – The American dollar was higher against most other major currencies in European trading Wednesday. Gold fell.
The euro traded at $1.3711, down from $1.3830 late Tuesday in New York. The 13-nation currency reached an all-time high of $1.3851 on Tuesday.
Later, in midday trading in New York, the euro fetched $1.3702.
Other dollar rates in Europe, compared with late Tuesday, included 120.17 Japanese yen, down from 120.41; 1.2139 Swiss francs, up from 1.2041; and 1.0427 Canadian dollars, up from 1.0339.
The British pound traded at 2.0510, down from $2.0639.
In midday New York trading, the dollar bought 120.34 yen and 1.2146 Swiss francs, while the pound was worth $2.0504.
Gold traded in London at $674.75 per troy ounce, down from $683.60 late Tuesday. In Zurich, gold traded at $670.85 per troy ounce, down from $682.45. In Hong Kong, gold fell $4.80 to $677.85.
