Euro rises above US$1.30 on banking outlook

In late morning trading here, the shared eurozone unit climbed to 1.3006 dollars, up from 1.2996 dollars in New York late on Tuesday.

Against the Japanese currency, the dollar gained to 87.91 yen from 87.87 yen on Tuesday.

In trading in London, the euro changed hands at 1.3006 dollars against 1.2996 dollars on Tuesday, at 114.34 yen (114.20), 0.8341 pounds (0.8334) and 1.3773 Swiss francs (1.3782).

The dollar stood at 87.91 yen (87.87) and 1.0591 Swiss francs (1.0603).

The pound was at 1.5588 dollars (1.5589).

On the London Bullion Market, the price of gold fell to 1,164 dollars an ounce from 1,168 dollars an ounce on Tuesday.

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