Sunday, July 22, 2007
The US dollar was lesser against other major currencies early in Asian trading hours Monday as the sell-off that began Friday continued. This week, currency markets are likely to look at for further trouble in the US housing market and for US corporate earnings reports that might show a more widespread slowdown in the US economy.
At 9.50 am here (2350 GMT Sunday), the dollar was at 121.33 yen, down from 121.59 yen in delayed trading in New York Friday. The euro was at 1.3839 dollars, lifted from 1.3833 in New York.The euro lifted to a new record high of 1.3843 dollars, sterling to a new 26-year high of 2.0587 dollars and the Australian dollar to a new 18-year high of 0.8834 dollar.
posted by stifxonline
@ 9:48 PM
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