Dollar gets strength

Published October 4, 2007

LONDON, Oct 3: The dollar gained against the euro on Wednesday as traders assessed an economic survey that showed the United States service sector was still expanding despite recent financial market turmoil.

In late European deals, the euro fell to $1.4136, from $1.4152 in New York late on Tuesday. The euro had hit a record high $1.4283 on Monday.

The US currency advanced to 116.75 yen, from 115.71 yen late in New York on Tuesday.

In late European trading on Wednesday, the euro was changing hands at $1.4136, against $1.4152 late on Tuesday, 165.06 yen (163.79), 0.6943 pounds (0.6931) and 1.6663 Swiss francs (1.6630).

The dollar stood at 116.75 yen (115.71) and 1.1788 Swiss francs (1.1749).

The pound was being traded at $2.0371 ($2.0413).—AFP

Opinion

Editorial

GB polls’ aftermath
Updated 11 Jun, 2026

GB polls’ aftermath

The new administration must address the region’s issues proactively.
Peace in retreat
11 Jun, 2026

Peace in retreat

THE ceasefire announced in April was supposed to create space for negotiations. Instead, it has been repeatedly...
A few good men
11 Jun, 2026

A few good men

IT was a brave move, no doubt. This Tuesday, in the land of the Afghan Taliban, a few good men decided to take a...
Centre vs provinces
Updated 10 Jun, 2026

Centre vs provinces

The reason the centre finds itself in this position is rooted in its failure to expand the tax net and boost revenues.
Party in crisis
10 Jun, 2026

Party in crisis

THE young KP chief minister must be starting to realise just how thorny a seat he occupies. There has been a flurry...
Varsity woes
10 Jun, 2026

Varsity woes

FINANCIAL crises affecting public sector universities across Pakistan are now having an impact on academic...