Tue, 25 Oct 1994

Dollar up in Europe and Asia

LONDON (UPI): The dollar gained slightly against other major currencies yesterday in subdued trading, recovering some of last week's large losses but still under pressure from nervous traders.

The dollar was trading in London at 97.37 against the yen, a slight increase over its previous close of 96.99. The U.S. currency was at 1.5012 against the Germany mark in late morning trading, up on Friday's finish of 1.4950.

In Frankfurt, the dollar opened at 1.5005 German marks, up from the previous close at 1.4980.

In Zurich, the dollar opened at 1.2515 Swiss francs, up from the previous close at 1.2470.

In London, the pound opened at US$1.6269, against the previous close of US$1.6271.

In Paris, the dollar opened at 5.1417 French francs, up from 5.1130 at the previous close.

In Brussels, the dollar opened at 30.91 Belgian francs, up from the previous close at 30.85.

In Rome, the dollar opened at 1,534 lira, up from the previous close at 1,5270.1 lira.

In Tokyo, the dollar closed at 97.40 Japanese yen, up slightly from 96.68 at the previous close.

In Singapore, the dollar closed at S$1.4737, up from S$1.4725 at the previous close.

In Hong Kong, the dollar closed at HK$7.7275, unchanged from the previous close.

Gold opened at US$388.88 an ounce in Zurich, down from the previous close at US$390.50, while in London it started trading at US$389.50, down from the previous close of 391.00.

Gold closed at US$389.25 in Hong Kong, down from US$391.75 at the previous close.

Silver opened at US$5.30 in Zurich, down from the previous close at US$5.34, while in London it opened at US$5.29, down from the previous close at US$5.36.