Friday, August 3, 2007
The US dollar was flat against other major currencies equidistant through the Asian session, with range trading likely to continue as markets await the release of US non-farm payrolls data later today.At 2.23 pm here (0423 GMT), the dollar was at 119.21 yen, up a little from 119.19 in earlier Asian trade. The euro was softer at 1.3704 dollars from 1.3707 previously.
Traders will be watching whether the payrolls data will come in weaker than predictable, which could fuel further speculation that the subprime mortgage problems are touching the wider US economy and which, in turn, could initiate a new round of selling in both US sharemarkets and the dollar.
Traders will be watching whether the payrolls data will come in weaker than predictable, which could fuel further speculation that the subprime mortgage problems are touching the wider US economy and which, in turn, could initiate a new round of selling in both US sharemarkets and the dollar.
posted by stifxonline
@ 12:08 AM
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