LONDON, 24 November 2005 — The euro fell against the dollar yesterday as traders weighed up minutes published by the US Federal Reserve which were initially interpreted as pointing to a premature end for the cycle of interest rate rises in the US.
The euro slipped to 1.1800 dollars in late European trading from 1.1814 dollars late on Tuesday in New York. The dollar rose to 118.77 yen from 118.72 yen on Tuesday.
The euro was changing hands at 1.1800 dollars against 1.1814 late on Tuesday in New York, 140.17 yen (140.28), 0.6856 pounds (0.6858) and 1.5512 Swiss francs (1.5487). The dollar stood at 118.77 yen (118.72) and 1.3146 Swiss francs (1.3105).
On the London Bullion Market, the price of an ounce of gold stood at $487.60 compared to $492.60 late on Tuesday.
Meanwhile, European stock exchanges closed higher yesterday. In London, the FTSE 100 index of leading shares added 0.26 percent to 5,531.7 points. In Paris, the CAC 40 edged up by 0.61 percent to 4,608.65 points while in Frankfurt the DAX gained 0.41 percent to 5,196.08 points. The DJ Euro Stoxx 50 index of leading euro zone shares advanced 0.61 percent to 3,471.43 points.
In New York, the Dow Jones Industrial Average rose 41.38 points (0.38 percent) to 10,912.81 at 1635 GMT. The NASDAQ composite advanced 7.18 points (0.32 percent) to 2,260.74, and the Standard and Poor’s 500 broad-market index climbed 3.41 points (0.27 percent) to 1,264.64.
Asian stocks closed mixed again yesterday.