LONDON, 22 December 2005 — The dollar nudged higher across the board yesterday after a key measure of US inflation was revised upward, stoking expectations of more interest rate hikes in the new year.
The euro fell to 1.1817 dollars in late European trading, from 1.1859 dollars late on Tuesday in New York. The dollar rose to 117.44 yen from 117.22 yen on Tuesday.
The euro was changing hands at 1.1817 dollars against 1.1859 late on Tuesday in New York, 138.76 yen (138.98), 0.6793 pounds (0.6758) and 1.5546 Swiss francs (1.5522). The dollar stood at 117.44 yen (117.22) and 1.3158 Swiss francs (1.3091).
On the London Bullion Market, the price of an ounce of gold stood at $489.0 compared with $502.50 late on Tuesday.
Meanwhile, European stock exchanges closed higher yesterday, with the London FTSE 100 index rising 0.71 percent to 5,587.4 points, its highest close since July 4, 2001.
In New York, US stocks rebounded from a four-day losing streak yesterday.
