Daily Investment Market News from London
Saturday 04th of February 2012
August 28, 2007

Euro higher versus pound, US dollar


by Elaine Frei

Euro higher versus pound, US dollar

The euro added 0.1 percent to $1.3650 versus the greenback on Tuesday and was up 0.3 percent to £0.6805 against sterling after the Ifo business climate index in Germany did better than had been anticipated, dropping to only 105.8 in August instead of to 105.4.

Sterling also dropped in relation to the US dollar and the yen, falling 0.2 percent to $2.0080 versus the US dollar and declining 0.7 percent to ¥230.90 versus the yen.

The Australian dollar was lower against both the yen and the US dollar, by 1.2 percent to ¥94.55 versus the yen and fell 0.6 percent to $0.8225 against the greenback.

The New Zealand dollar also was lower in relation to the yen and the US dollar, dropping 1.9 percent in relation to the yen, to ¥81.15, and dropped 1.3 percent to $0.7081 versus the US currency.

The yen was also higher against both the euro and the US dollar, up 0.6 percent to ¥156.80 and 0.7 percent higher to ¥114.95 respectively.

Story link: Euro higher versus pound, US dollar



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