US dollar falls in European trading

The U.S. dollar fell Wednesday against other major currencies in European trading. Gold prices also fell.

The euro rose to $1.5929 from $1.5878 late Tuesday in New York. The 15-nation currency reached a record high of $1.6038 on Tuesday.

Other dollar rates at midday Wednesday in Europe compared with late rates Tuesday in New York included: 104.29 Japanese yen, down from 105.07; 1.0050 Swiss francs, down from 1.0134, and 1.0008 Canadian dollars, down from 1.0026.

The British pound was quoted at $2.0047, up from $2.0020.

Gold traded in London at $974 per troy ounce, down from $986 late Tuesday.