Dollar gains

Published August 2, 2008

LONDON, Aug 1: The dollar firmed against the euro on Friday on a report that US job losses in July were not as heavy as had been feared and as fresh data pointed to an economic downturn in the eurozone.

The single European currency in late-day trade was at $1.5564, down from $1.5587 late Thursday in New York.

The dollar was trading at 107.60 yen against 107.87 on Thursday. The euro was meanwhile under pressure following the release of a survey showing lacklustre manufacturing activity in the eurozone.—AFP

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