The USD drifted higher against major rivals as dealers monitored the outlook for interest rates, while the GBP also weakened on news that a Bank of England policymaker had suddenly died.

The Euro fell to 1.2637 dollars in early European trading from 1.2659 dollars late on Wednesday in New York.

The USD climbed to 115.14 yen from 114.86 yen on Wednesday.

In Asian trading, the USD had extended losses ignited Wednesday after European Central Bank chief Jean-Claude Trichet raised expectations for further rate increases in the eurozone.
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TOKYO: Japanese games console maker Nintendo Co Ltd has reported a 12.5 per cent increase in its net profit for the year ended March 2006, mostly on account of gains from foreign currency-denominated assets.

However, the company forecast a 34 per cent decline in net earnings this fiscal, as a result of the impact of the appreciation of the yen and costs on account of launching its next generation stand-alone game console, ‘Wii.’
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