The U.S. dollar rose against other major currencies in European trading Thursday. Gold prices fell. The U.S. currency continued to benefit from the Federal Reserve's announcement Tuesday that it has raised its key interest rate by a quarter-point to 2.75 percent. Higher interest rates usually boost a currency by making assets denominated in that currency more attractive to investors. The euro was quoted at US$1.2975, down from US$1.3019 Wednesday. Other dollar rates compared with late Wednesday: _106.55 Japanese yen, up from 105.63 _1.1964 Swiss francs, up from 1.1939 _1.2176 Canadian dollars, up from 1.2141 The British pound was quoted at US$1.8681, down from US$1.8753. Gold traded in London at US$424.90 bid per troy ounce, down from US$426.10 on Wednesday. In Zurich the bid price was US$425.00, down from US$425.70. Gold fell US$1.00 in Hong Kong to close at US$426.25. Silver traded in London at US$6.96 bid per troy ounce, down from US$6.98.
