September 15, 2007	Saturday	Ramazan 2, 1428

LONDON, Sept 14: The beleaguered US dollar firmed against the euro here on Friday, after plunging to a record low on Thursday, as the pound was battered by upheaval at key British lender Northern Rock, the beneficiary of a Bank of England rescue mission.The single European currency in late-day trade was at $1.3854, down from $1.3881 late Thursday in New York. The euro on Thursday soared to a record $1.3927 on fears for the future of the US economy and expectations of a rate cut by the Federal Reserve.

The euro was changing hands at $1.3854, against $1.3881 late on Thursday, 159.58 yen (159.74), 0.6902 pounds (0.6852) and 1.6499 Swiss francs (1.6466).

The dollar stood at 115.18 yen (115.04) and 1.1908 Swiss francs (1.1860).

The pound was being traded at $2.0076 ($2.0252).

On the London Bullion Market, the price of gold rose to $716.35 per ounce from $704.50 late on Thursday.—AFP