September 23, 2006	Saturday	Sha'aban 29, 1427

LONDON, Sept 22: The dollar steadied on Friday against the euro after earlier falling to 16-day lows after discouraging economic data from the US cemented market expectations that the next interest rate move will be down.

The euro stood at $1.2793 in late European trading from $1.2779 late in New York on Thursday.

The dollar was trading at 116.44 yen, compared with 116.33 yen late on Thursday.

The dollar had fallen to over two-week lows against major currencies earlier in the day in a continued response to Thursday's dismal Philadelphia Federal Reserve survey.—AFP