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

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