Monday, June 9, 2008


The euro slumped vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.5660 level and was capped around the $1.5845 level. Technically, today’s intraday high was right around the 76.4% retracement of the move from $1

IMF's Strauss-Kahn urges China forex flexibility - Reuters
MONTREAL, June 9 (Reuters) - IMF chief Dominique Strauss-Kahn urged China on Monday to allow its currency to rise further, citing it as one example of how closer cooperation between countries could help steer the global economy through rising

Forex - Dollar firms on strong U.S. housing data, markets await - Forbes
LONDON (Thomson Financial) - The dollar strengthened in afternoon trade, clawing back some of the huge losses it posted last week as oil prices subsided and pending U.S. home sales figures came in stronger than expected. The number of housing sales

Closing Forex Rates -- UK - Forbes
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Dollar May Extend Gain After Paulson Voices Currency Concern - Bloomberg
June 10 (Bloomberg) -- The dollar may extend its gain against the euro after policy makers indicated they're concerned about the currency's 7 percent drop this year. The U.S. currency rose yesterday from a six-week low as Treasury Secretary Henry

Forex - Dollar stays under pressure as new week kicks off - CNBC
LONDON (Thomson Financial) - The dollar weakened as trading in Europe got off to a new week and the U.S. currency was unable to shake off the poor sentiment after Friday's soft jobs report. Additionally, the hawkish tone struck by European Central

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