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DOLLAR GAINS STRENGTH OVERSEAS

The dollar was stronger against most foreign currencies except the British pound in active European trading late this morning. Gold prices fell.

Dealers said the dollar remains well-supported above the 2-Deutsche mark level, despite concerted central bank intervention Tuesday and overnight dollar sales by the Bank of Japan.

In Tokyo, the dollar rose 1.05 yen to a closing 143 yen, a 19-month high.

In London, one pound cost $1.5685 at late morning, slightly more expensive for buyers than $1.5675 late Tuesday.

Gold traded in London at $362.50 a troy ounce, down from late Tuesday's $364.35.

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