Dollar higher

Published March 8, 2006

LONDON, March 7: The dollar bolted ahead against the euro here on Tuesday on remarks from a regional Federal Reserve Bank head that US interest rates may have to rise further. The single European currency in late-day trade was at $1.1885, down from $1.2016 late Monday in New York. The dollar was meanwhile trading at 117.75 yen after 117.55 on Monday. On the London Bullion Market, the price of an ounce of gold fell to $554.70 per ounce from $566.25 on Monday.—AFP

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