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December 06, 2006
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Wednesday
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Ziqa'ad 14, 1427
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Dollar gains
LONDON, Dec 5: The dollar was buoyed on Tuesday after encouraging US economic news helped dissipate some concerns that the world’s largest single economy is headed for recession.
But the European single currency continued to hold above $1.33 after striking $1.3367 -- last seen in March 18, 2005 -- on Monday owing to concerns over the slowing US economy.
In late European trading on Tuesday, the euro edged down to $1.3321 from $1.3338 in New York late on Monday.
The dollar stood at 115.02 yen from 115.27 yen late on Monday.
On the London Bullion Market, the price of gold fell to $645.90 per ounce, from $646 late on Monday.—AFP
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