September 28, 2007	Friday	Ramazan 15, 1428

LONDON, Sept 27: The dollar plumbed new depths against the euro on Thursday but later managed to claw back some lost ground despite fresh signs of US housing market woes.

The single European currency shot to a new record, $1.4189, for the sixth straight day before slipping back to $1.4134, against $1.4125 on Wednesday.

The euro recorded its gains before the publication of several US indicators that were seen as mixed at best.

In Europe, investors will be looking at German August retail sales, seen falling 1.4 per cent year-on-year, and a series of eurozone national inflation readings.

In the United States, personal income and consumption, as well as the Michigan University consumer sentiment poll, are expected to remain firm.

In late Thursday trading, the euro was changing hands at $1.4134, against $1.4125 late on Wednesday, 163.64 yen (163.23), 0.6988 pounds (0.7007) and 1.6596 Swiss francs (1.6537). The dollar stood at 115.81 (115.57) and 1.1741 Swiss francs (1.1706).

The pound was being traded at $2.0232 ($2.0158).

On the London Bullion Market, the price of gold fell to $731.75 per ounce at the morning fixing from $734.75 late on Wednesday.—AFP