NEW YORK — The dollar declined against all major currencies Monday, influenced by a combination of factors.
Gold prices rose. Republic National Bank in New York quoted a bid of $405.50 for an ounce of gold, compared to $403.75 late Friday.
Analysts in New York said the dollar was indirectly affected by transactions between the British pound and the West German mark.
Traders have been buying the British currency in anticipation of Tuesday's announcement of that country's budget, said James T. McGroarty, a vice president at Discount Corp.