Dollar loses ground in Europe

LONDON (UPI): The U.S. dollar was trading slightly lower across Europe yesterday morning, with analysts attributing the move to technical factors.

In London, the U.S. currency was quoted at 1.5303 German marks, up on the previous finish of 1.5284. The dollar traded at 111.37 Japanese yen from the previous finish of 111.29.

Sterling was being quoted at 2.4050 German marks from its previous finish of 2.3948 marks. The pound opened at US$1.5733, up from the previous close of $1.5659.

In Frankfurt, the dollar opened at 1.5292 German marks, down from the previous close of 1.5312.

In Paris, the dollar opened at 5.1750 French francs, down from the previous close of 5.1775.

In Brussels, the dollar opened at 31.51 Belgian francs, up from the previous close of 31.50.

In Tokyo, the dollar closed at 111.37 Japanese yen, down from the previous close of 111.43.

In Singapore, the dollar closed at S$1.4087, down from the previous close at 1.4095.

In Hong Kong, the dollar closed at HK$7.7325, unchanged from the previous close.

Gold opened at US$381.85 an ounce in Zurich, down from the previous close at $381.95, while in London it started trading at $381.75, unchanged from the previous close. In Hong Kong, gold closed at US$382.05, up from the previous close at $381.65.

Silver opened at $5.04 in Zurich, up from the previous close at $5.00, while in London it opened at $5.00, unchanged from the previous close.