http://quotes.ino.com/chart/?s=NYBOT_DXY0Last trade
89.00 Change
-0.42 (-0.47%)http://www.fxstreet.com/nou/noticies/afx/noticia.asp?pv_noticia=1088060945-9e32d306-11030Forex - US dollar still in range vs yen, euro in Singapore ahead of FOMCSINGAPORE (AFX-ASIA) - The US dollar continued to tread water against both the yen and the euro as traders remain sidelined ahead of a US Federal Reserve decision on interest rates at the end of the month as well as Japan's "Tankan" survey for business sentiment due out on July 1, dealers said
At 2.40 pm (0640 GMT), the dollar stood at 108.20 yen, down from 108.35 in early afternoon Tokyo, after touching a low of 108.09 and a high of 108.60 earlier
The euro was at 1.2066 to the dollar, compared with 1.2065 during the Tokyo session, and after trading between 1.2040 and 1.2095 earlier
"The market is thin as many people are away for the summer holidays. Having said that, the market seems to be making short-term bets on the Tankan delivering on the upside," a currency analyst at a local bank said
The yen has been strengthening against the dollar for the past few weeks as economic indicators coming out of Japan seem to solidify the view that economic growth is likely to be robust this year
Apart from relatively stronger fundamentals, the yen's rise also comes on the back of the good performance of its stock markets as well as higher yields of its government bonds. United Overseas Bank treasury economist Diane Ho noted that overnight the dollar fell to an intra-session low of 108.43 yen on back of Japanese trade data, which showed that its trade surplus grew 35.5 pct year-on-year to 934.2 bln yen in May.
...more...That story seems a bit out of date as the yen has definitely risen against the dollar. :shrug:
Lots of reports are due out today - the futures just took a huge jump into the positive. :shrug:
It's MaeveDay! :hi:
Have a great day Marketeers!
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