LONDON, Aug 28: The dollar gained ground against the euro on Tuesday as surveys showed that both German business sentiment and US consumer confidence had slipped this month.
In late European deals, the euro eased to $1.3619, from $1.3645 in New York late on Monday.
The dollar fell to 114.66 yen, from 115.87 yen on Monday.
In the United States, the closely watched consumer confidence index released by the Conference Board fell to 105 in August from a downward revision to 111.9 in July.“The recent turmoil in equity and credit markets was no doubt a big negative factor but, to some extent, it will have been offset by the recent declines in gasoline (petrol) prices,” commented analysts at Capital Economics.—AFP
