TOKIO (dpa-AFX) – The euro hardly moved on Friday. Most recently, the common currency cost 1.0810 US dollars. The ECB had set the reference rate at $1.0878 (Wednesday: $1.0826) the day before. The dollar thus cost 0.9193 (0.9237) euros. The euro then came under strong pressure due to the central bank’s wait-and-see attitude and at times fell well below USD 1.18, its lowest level in two years. The euro then recovered again and was quoted above USD 1.18 again in late US trading. No reference rate was determined on Friday due to a public holiday.
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Many stock exchanges remained closed on Friday, including in Germany and the USA. So many investors are probably already in the weekend. Any price movements on such days are only of limited significance in view of the usually low turnover.
For other important currencies, the ECB set the reference rates for one euro on Thursday at 0.82908 (0.83280) British pounds, 136.32 (136.26) Japanese yen and 1.0189 (1.0116) Swiss francs. An ounce of gold cost $1,969 in London on Thursday afternoon. That was eight dollars less than the day before. No trading took place here on Friday either./he