Dollar falls against euro, yen

Published August 23, 2005

LONDON, Aug 22: The dollar was mixed against major rivals on Monday in subdued trading as investors awaited US durable goods data and key German surveys later in the week, dealers said.

The euro rose to $1.2233 in early European trading from $1.2148 late on Friday in New York.

The dollar stood at 109.74 yen from 110.42 on Friday.

The Japanese currency gained sharply after an opinion poll showed support for Prime Minister Junichiro Koizumi’s LDP party rising to 53.2 per cent ahead of the elections on September 11.

“Any survey that suggests Koizumi is doing well will support the yen,” said Standard Chartered currency analyst Marios Maratheftis.—AFP

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