Dollar inches down in Europe

LONDON (UPI): The U.S. dollar was trading lower across Europe yesterday morning, as traders took cautious positions ahead of the release of U.S. producer price data due later in the day.

In London, the U.S. currency was quoted at 1.5335 German marks, up on the previous finish of 1.5333. The dollar traded at 108.87 Japanese yen from the previous finish of 108.85.

Sterling was steady following the British Retail Consortium's retail sales monitor for May showing like-for-like sales rising by 6.2 percent year-on-year.

Sterling was being quoted at 2.3541 German marks from its previous finish of 2.3519 marks. The pound opened at US$1.5369, up from the previous close of $1.5317.

In Frankfurt, the dollar opened at 1.5330 German marks, down from the previous close of 1.5353.

In Zurich, the dollar opened at 1.2650 Swiss francs, down from the previous close of 1.2680.

In Paris, the dollar opened at 5.1948 French francs, down from the previous close of 5.2040.

In Brussels, the dollar opened at 31.53 Belgian francs, down from the previous close of 31.61.

In Milan, the dollar opened at 1,549 Italian lira, down from the previous close of 1,551.29.

In Tokyo, the dollar closed at 108.74 Japanese yen, down from the previous close of 109.18.

In Singapore, the dollar closed at S$1.4085, unchanged from the previous close.

In Hong Kong, the dollar closed at HK$7.7397, down from the previous close of 7.7407.

Gold opened at US$386.25 an ounce in Zurich, unchanged from the previous close, while in London it started trading at $386.00, also unchanged from the previous close. In Hong Kong, gold closed at US$385.75 , up from the previous close at $385.65.

Silver opened at $5.17 in Zurich, down from the previous close at $5.20, while in London it opened at $5.20, unchanged from the previous close.