LONDON, 12 October 2005 — The dollar surged forward against the euro here yesterday ahead of what was expected to be a Federal Reserve report pointing to continued US interest rate hikes.
The single European currency in late-day trade was at 1.2015 dollars against 1.2065 late Monday in New York. The dollar was meanwhile trading at 114.24 yen after 114.07 on Monday. The euro was changing hands at 1.2015 dollars against 1.2065 late on Monday in New York, 137.26 yen (137.66), 0.6871 pounds (0.6870) and 1.5477 Swiss francs (1.5482). The dollar stood at 114.24 yen (114.07) and 1.2883 Swiss francs (1.2830).
Meanwhile, European stock exchanges edged higher yesterday. In New York, US blue chips edged higher yesterday. Asian stocks closed sharply mixed yesterday.
