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Wednesday, October 17, 2007

Dollar, gold fall in Europe

October 17, 2007 8:59 AM

LONDON (AP) - The U.S. dollar fell against other major currencies in European trading Wednesday. Gold fell.

The euro traded at $1.4205, up from $1.4164 late Tuesday in New York. Later, in midday trading in New York, the euro fetched $1.4205.

Other dollar rates in Europe, compared with late Tuesday, included 116.60 Japanese yen, down from 116.69; 1.1800 Swiss francs, down from 1.1824; and 0.9741 Canadian dollars, down from 0.9798.

The British pound was quoted at $2.0377, up from $2.0315.

In midday New York trading, the dollar bought 116.58 yen and 1.1816 Swiss francs, while the pound was worth $2.0389.

Gold traded in London at $756.95 per troy ounce, down from $758.40 late Tuesday. In Zurich, gold traded at $754.90 bid per troy ounce, down from $755.00. Gold closed $5.40 lower in Hong Kong Wednesday at $758.15 an ounce.

Silver traded in London at $13.58, down from $13.60.

from: http://www.newspress.com/Top/Article/article.jsp?Section=BUSINESS&ID=565105808229401463

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