LONDON, May 18: The euro was stable against the dollar in European trade on Friday as the market analysed a series of currency measures by the Chinese central bank. In late London trade the euro was changing hands at $1.3512, against $1.3492 in New York late on Thursday.
The yen fell back after earlier making gains upon the Chinese news.
The dollar was changing hands at 121.03 yen, against 121.29 in New York on Thursday. The euro was changing hands at 163.54 yen against 163.69.
Earlier on Friday the People's Bank of China said it will raise benchmark deposit rates by 0.27 percentage points, while lending rates will be increased by 0.18 points.—AFP
