Fri, 21 Oct 1994

Dollar mixed in Europe

London (UPI): The dollar was mixed in European trading yesterday, weakening after comments by a senior German Bundesbank official who said he favored a stronger German mark.

The dollar was quoted in London at 97.40 Japanese yen, up on the previous finish of 97.16. The U.S. currency was trading at 1.5021 against the German mark, a slight increase on the previous close of 1.5000.

The pound was quoted at 2.4348 against the German mark, up on its previous finish of 2.4298. The pound was trading at 1.6215 against the dollar, up a touch on the previous finish of 1.6188.

In Tokyo, the dollar closed at 97.63 Japanese yen, up from 97.61 at the previous close.

In Singapore, the dollar closed at S$1.4717, up from 1.4710 at the previous close.

In Hong Kong, the dollar closed at HK$7.7272, up from the previous close 7.7270.

Gold opened at $390.75 an ounce in Zurich, unchanged from the previous close, while in London it started trading at $390.75, down from the previous close at $391.00. In Hong Kong, gold closed at $390.75, up from $389.05 at the previous close.

Silver opened at $5.40 in Zurich, down from the previous close at $5.41, while in London it opened at $5.41, down from the previous close at $5.43.