|
|
Dollar mixed against major currencies |
 |
+ |
- |
08:28, July 01, 2008 |
The dollar was mixed against major currencies on Monday as oil prices hit record high and the European Central Bank (ECB) was expected to raise interest rate slightly later this week.
The price of crude oil hit another record of 143.67 dollars a barrel in New York trading on Monday before ending lower on demand fears.
The dollar was also under pressure from the expected rate hike of the ECB on Thursday. But it rose slightly against the euro on Monday as a top EU economy official said the euro is trading too strongly against the dollar.
The euro bought 1.5751 dollars in late New York trading compared with 1.5775 dollars it bought late Friday. The British pound rose to 1.9936 dollars from 1.9930 dollars.
The dollar rose to 1.0201 Swiss francs from 1.0194 Swiss francs, and fell to 106.08 Japanese yen from 106.26 Japanese yen. It rose to 1.0177 Canadian dollars from 1.0108 Canadian dollars.
Source:Xinhua
|
|
|
Comment
Tell A Friend
Print Format
Save Article