Dollar mixed against major currencies
www.chinaview.cn 2008-08-14 04:57:30 Print
NEW YORK, Aug. 13 (Xinhua) -- The dollar rose against the pound but fell against the euro on Wednesday as oil prices rebounded and more reports showed British economy was weakening.
Oil prices rebounded on Wednesday after a government report showed a bigger-than-expected drop in U.S. gasoline inventory last week. Light, sweet crude for September delivery rose 2.99 dollars to settle at 116 dollars a barrel on the New York Mercantile Exchange.
The dollar was also under pressure from weak U.S. retail sales in July. The Commerce Department reported that U.S. retail sales dipped 0.1 percent in July, its first drop in five months.
However, the greenback kept rising against the pound as British jobless claims rose sharply in July. The unemployment rate in Britain climbed to 5.4 percent in the three months to June, according to a latest report.
The euro bought 1.4934 dollars in late New York trading compared with 1.4916 dollars it bought late Tuesday. The British pound fell to 1.8730 dollars from 1.8997 dollars.
The dollar fell to 1.0854 Swiss francs from 1.0880 Swiss francs, and rose to 109.54 Japanese yen from 109.40 Japanese yen. It rose to 1.0626 Canadian dollars from 1.0621 Canadian dollars.
www.chinaview.cn 2008-08-14 04:57:30 Print
NEW YORK, Aug. 13 (Xinhua) -- The dollar rose against the pound but fell against the euro on Wednesday as oil prices rebounded and more reports showed British economy was weakening.
Oil prices rebounded on Wednesday after a government report showed a bigger-than-expected drop in U.S. gasoline inventory last week. Light, sweet crude for September delivery rose 2.99 dollars to settle at 116 dollars a barrel on the New York Mercantile Exchange.
The dollar was also under pressure from weak U.S. retail sales in July. The Commerce Department reported that U.S. retail sales dipped 0.1 percent in July, its first drop in five months.
However, the greenback kept rising against the pound as British jobless claims rose sharply in July. The unemployment rate in Britain climbed to 5.4 percent in the three months to June, according to a latest report.
The euro bought 1.4934 dollars in late New York trading compared with 1.4916 dollars it bought late Tuesday. The British pound fell to 1.8730 dollars from 1.8997 dollars.
The dollar fell to 1.0854 Swiss francs from 1.0880 Swiss francs, and rose to 109.54 Japanese yen from 109.40 Japanese yen. It rose to 1.0626 Canadian dollars from 1.0621 Canadian dollars.
