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August 10, 2002 Saturday Jamadi-ul-Awwal 30,1423





Dollar gives back gains


LONDON, Aug 9: The dollar gave back some of its recent gains on Friday amid nervousness ahead of a US interest rate decision next week and a deadline for US chief executives to certify their financial statements.

But news of another multi-billion-dollar hole in the accounts of bankrupt US telecom giant WorldCom was greeted with little more than a yawn by most traders.

The single European in late-day deals was trading at 0.9719 dollars against 0.9664 dollars late on Thursday in New York.

The dollar was worth 120.11 yen from 120.97 on Thursday.

The euro was changing hands at 0.9719 dollars against 0.9664 on Thursday, 116.74 yen (116.93), 0.6373 pounds (0.6310) and 1.4603 Swiss francs (1.4628).

The dollar was being quoted at 120.11 yen (120.97) and 1.5026 Swiss francs (1.5125).

The pound was at 1.5252 dollars (1.5308), 183.25 yen (185.21) and 2.2920 Swiss francs (2.3158).

On the London Bullion Market, an ounce of gold edged up to 312.95 dollars from 312.15 late on Thursday.—AFP






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