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Dollar mostly falls, gold rises in Europe

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14 July 2008 @ 12:40 pm EST
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LONDON - The U.S. dollar was mostly lower against other major currencies in European trading. Gold rose.

The euro traded at $1.5911, up from $1.5893 late Friday in New York. Later, in midday New York trading, the euro fetched $1.5927.

Other dollar rates in Europe, compared with late Friday, included 106.23 Japanese yen, up from 106.09; 1.0168 Swiss francs, down from 1.0178; and1.0052 Canadian dollars, down from 1.0096.

The British pound was quoted at $1.9939, up from $1.9896.

In midday trading in New York Monday, the dollar bought 106.18 yen and 1.0158 francs, while the pound was worth $1.9947.

Gold traded in London at $968.00 per troy ounce, up from $949 late Friday.

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