LONDON, Jan 28: The euro made further gains against the dollar on Wednesday as a closely watched US Federal Reserve meeting got under way and Congress prepared to vote on a massive economic rescue plan, analysts said.

The European single currency climbed to $1.3237 in trading in London late on Wednesday from $1.3159 in New York late on Tuesday.

The euro was also stronger against the yen, changing hands at 118.63 yen compared to 117.44 yen on Tuesday.

Against the Japanese currency, the dollar increased to 89.70 yen from 88.93 yen on Tuesday.

The euro was boosted by a survey in Germany showing consumer confidence stabilising after a record fall as well as uncertainty about US economic plans, analysts said.

On the London Bullion Market, the price of gold fell to $895.25 an ounce from $897.50 late on Tuesday.—AFP