Dollar rebound helps FTSE

The FTSE 100 Index swung 100 points into positive territory after a rebound for the US dollar reversed a weak start for London shares today.

Dollar rebound helps FTSE
Wed, 31 May, 2006 - 13:16

The FTSE 100 Index swung 100 points into positive territory after a rebound for the US dollar reversed a weak start for London shares today.

Early trading saw the Footsie slide 60 points, adding to the 134 points – or £34.3bn (€50bn) – lost last night amid fears over the weaker US dollar and ongoing worries about the performance of the world's biggest economy.

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