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Dollar lower, gold up in morning trading



By AP
14 November 2008 @ 09:36 pm AEST

LONDON - The U.S. dollar was lower against other major currencies in European trading Friday morning. Gold rose.

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The euro traded at $1.2703, up from $1.2387 late Thursday in New York.

Other dollar rates:

_96.96 Japanese yen, down from 97.09 yen

_1.1891 Swiss francs, down from 1.1912

_1.2172 Canadian dollars, down from 1.2264

The British pound was quoted at $1.4835, up from $1.4671.

Gold traded in London at $729.50 per troy ounce, up from $713.50 late Thursday.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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