In Brief : U.S. Dollar Declines in Europe
From Times Staff and Wire Reports
LONDON —
The U.S. dollar fell in narrow, quiet European trading today as markets wound down for the year. Gold prices were lower.
Foreign exchange dealers said the dollar remained stable, with firm U.S. interest rates continuing to hold the currency at relatively high levels.
They said trading was extremely quiet, even stagnant, as many market players and dealers remained on vacation between the Christmas and New Year’s holidays.
Little dollar movement also is expected Friday, the last trading day of the year.
In Tokyo, where trading ends before Europe’s business day begins, the dollar rose 0.76 yen to a closing 126.03. Later, in London, it was quoted at 125.80 yen.
