LONDON — The dollar fell against most currencies in quiet European trading today as the market waited for news from monetary talks in Washington this weekend. Gold bullion prices were little changed in nervous trading dominated by professionals.
Foreign exchange dealers said the dollar traded in a narrow range, gaining against the British pound and Canadian dollar but falling against all other currencies.
"It was a little bit up and then a little bit down, but no one really dared to do anything," said one Frankfurt dealer.
Dealers said nobody wanted to speculate in advance of the weekend meeting of finance ministers and central bankers from five major industrialized nations--the United States, Japan, West Germany, Britain and France.