LONDON, 27 October 2005 — The dollar edged higher against the euro in late trading here yesterday after the single European currency shot up to its highest level in two weeks. The euro was trading at 1.2076 dollars after 1.2104 late Tuesday in New York and after hitting 1.2136 dollars. The dollar was meanwhile at 115.83 yen against 115.01 on Tuesday.
The euro was changing hands at 1.2076 dollars against 1.2104 late on Tuesday in New York, 139.91 yen (139.25), 0.6798 pounds (0.6783) and 1.5479 Swiss francs (1.5454). The dollar stood at 115.83 yen (115.01) and 1.2815 Swiss francs (1.2766).Meanwhile, European stock exchanges edged higher yesterday. The London FTSE 100 index added 0.88 percent to end the day at 5,227.8, while in Paris the CAC 40 rose 0.36 percent to 4,412.70. In Frankfurt the DAX added 0.57 percent to
In New York, the Dow Jones Industrial Average advanced 34.02 points (0.33 percent) to 10,411.89. World oil prices climbed yesterday as a rebound in US energy demand offset a large rise in the country’s stockpiles of crude, analysts said.New York’s main contract, light sweet crude for delivery in December, rose 41 cents to $62.85 per barrel in pit trading. In London, the price of Brent North Sea crude for December delivery gained 30 cents to $60.54 per barrel in electronic deals.
