Dollar weaker

Published October 5, 2007

LONDON, Oct 4: The dollar came under renewed pressure on Thursday after a weaker-than-expected factory orders report, reversing earlier gains made against the euro after the European Central Bank held interest rates steady.

In late European trading the European single currency was changing hands at $1.4136, against $1.4089 in New York late on Wednesday.

The dollar dipped to 116.54 yen, against 116.73 late on Wednesday.

In late European trading on Thursday, the euro was changing hands at $1.4136, against $1.4089 late on Wednesday, 164.72 yen (164.49), 0.6929 pounds (0.6935) and 1.6605 Swiss francs (1.6630).—AFP

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