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Dollar hits lows vs euro and pound { June 2007 }

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   http://www.forbes.com/feeds/ap/2007/07/18/ap3926901.html

http://www.forbes.com/feeds/ap/2007/07/18/ap3926901.html

Associated Press
Dollar Hits Lows Vs. Euro, Pound
Associated Press 07.18.07, 11:58 AM ET

LONDON -

The U.S. dollar hit a record low against the euro and a 26-year low against the British pound in European trading Wednesday before regaining ground. Gold rose.

The euro reached $1.3833 in early European trading, beating the previous record of $1.3813 set on July 13. Later, in midday trading in New York, the euro fetched $1.3809, still higher than its level of $1.3784 late Tuesday.

Other dollar rates in Europe, compared with late Tuesday, included 121.79 Japanese yen, down from 122.38; 1.1987 Swiss francs, down from 1.2032; and 1.0426 Canadian dollars, down from 1.0433.

The British pound traded at $2.0542, up from $2.0461. Earlier in the day, sterling peaked at $2.0548.

In midday New York trading, the dollar bought 121.87 yen and 1.1996 Swiss francs, while the pound was worth $2.0530.

Gold traded in London at $671.60 per troy ounce, up from $663.15 late Tuesday. In Zurich, gold traded at $670.35 per troy ounce, up from $661.10. Gold rose $3.40 in Hong Kong to $668.35.

Silver opened in London at $13.14 per troy ounce, up from $12.93.

Copyright 2007 Associated Press.


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