In Brief : Dollar Slips on European Market
From Times wire services
LONDON —
The U.S. dollar fell in choppy European trading today as activity ebbed in advance of Wednesday’s release of U.S. trade figures for November.
Gold prices rose.
Dealers said investors were selling dollars to take profits before the trade figures are released. Economists expected the November deficit to have widened to $11.1 billion from $10.35 billion in October.
In London, the dollar fell against the British pound. It cost $1.7680 to buy one pound, dearer than $1.7615 Monday.
In Tokyo, where trading ends before Europe’s business day begins, the dollar rose 1.05 yen to a closing 127.70 yen. Later, in London, it was quoted at 127.75 yen.
Gold rose in London to a late bid price of $402.25 a troy ounce, compared with $401.75 bid late Monday.
