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LONDON, Sept 11: The dollar was weaker against the euro in late-day trade here on Monday, but analysts said the US currency was nonetheless finding some support from declining oil prices and prospects for another US interest rate hike this year.
The single European currency was at $1.2693 against $1.2676 late Friday in New York.
The dollar was meanwhile trading at 117.59 yen, up from 116.88 on Friday.
“There remains some unease that the Fed may not be entirely done tightening for this cycle,” said Jamie Coleman at Thomson IFR markets.
On the London Bullion Market, the price of an ounce of gold fell to $588 per ounce from $610 late on Friday.—AFP
