Dollar, Gold Fall in Early European Trading
The Associated Press
Jan 3, 2000 - 06:55 AM
LONDON (AP) - The U.S. dollar was lower against other major currencies in European trading this morning. Gold fell.
The euro rose to $1.0114 from $1.0021 Thursday in Europe and $1.0092 Friday in New York's abbreviated trading New Year's Eve. European markets were closed Friday and financial markets in London remained closed today for the extended New Year's holiday.
The dollar also fell to 101.83 Japanese yen in Europe in the early going today, down from 102.34 yen Thursday and from Friday's rate of 102.27 in New York.
Other morning dollar rates in Europe today, compared with late Thursday, included 1.5861 Swiss francs, down from 1.6044, and 1.4438 Canadian dollars, down from 1.4508.
The British pound was quoted at $1.6172, up from $1.6116.
Currencies of the 11 countries participating in the euro are no longer traded separately, though they remain in use. Based on euro rates this morning, the dollar is worth: 1.9338 German marks, down from 1.9517; 6.4856 French francs, down from 6.5458; 2.1789 Dutch guilders, down from 2.1990; and 1,914.45 Italian lire, down from 1,932.21.
Bullion markets also were closed today in London.
In Zurich the bid price of gold was $288.50 a troy ounce this morning, down from $289.60 Thursday.
Gold fell $2.00 in Hong Kong to close at $289.00 an ounce.
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