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Dollar Falls, Gold Rises in Europe

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14 April 2008 @ 01:24 pm EST
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LONDON - The U.S. dollar weakened against other major currencies in European trading Monday. Gold rose.

The euro traded at $1.5846, up from $1.5835 late Friday in New York. Later, in midday trading in New York, the euro fetched $1.5833.

Other dollar rates in Europe, compared to late Friday, included 100.70 Japanese yen, down from 101.01; 0.9960 Swiss francs, down from 0.9988; and 1.0204 Canadian dollars, down from 1.0230.

The British pound was quoted at $1.9840, up from $1.9724.

In New York midday trading, the dollar bought 100.74 yen and 0.9964 Swiss francs, while the pound was worth $1.9828.

Gold traded in London at $929.10 per troy ounce, up from $922.80 late Friday. In Zurich, gold traded at $927.15 bid per troy ounce, up from $918.10.

Silver traded in London at $17.81, up from $17.56.

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