Monday, March 5, 2012

Euro up against the dollar

The euro edged up against the U.S. dollar on Thursday, climbing on higher oil prices driven by worries over tropical storm Gustav.

The 15-nation currency built on the ground it had gained since hitting a six-month low earlier in the week, climbing to US$1.4777, compared with US$1.4712 in late New York trading.

Yet the dollar remained strong against the British pound, which edged up to US$1.8368 on Thursday, after the dollar hit a 25-month high against it at US$1.8283 on Wednesday, before bouncing back to US$1.8332.

The dollar remained largely unchanged against the …

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