Reply #2: Dollar Watch [View All]

[54anickel]

http://quotes.ino.com/chart/?s=NYBOT_DXY0&v=s

Last trade 88.99 Change -0.03 (-0.03%)

Settle 89.02 Settle Time 23:30
Open 88.99 Previous Close 89.02
High 89.10 Low 88.80


Forex - US dollar steady vs yen in Singapore; hostage concerns offset data
http://www.fxstreet.com/nou/noticies/afx/noticia.asp?pv_noticia=1081754619-9e32d306-06593

SINGAPORE (AFX-ASIA) - The US dollar was rangebound against the yen in afternoon trade here as many markets were closed for a holiday, with the Japanese unit weighed down by concerns over the fate of Japanese hostages in Iraq despite the recent slew of strong economic data, dealers said

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IDEAGlobal currency strategist Malcolm Tan said market participants are not aggressively trading the yen amid uncertainties as to what will happen to the three Japanese hostages held by insurgents in Iraq. Despite a slew of yen-positive economic data from Japan recently, including today's current account surplus data for February and the Bank of Japan's (BoJ) more upbeat assessment of the economy, Tan said the yen is weighed down by news of the Japanese civilians' kidnapping in Iraq

snip>

Japan's Ministry of Finance announced earlier today that its current account surplus in February increased 46.2 pct from a year earlier to a record 2.16 trln yen, buoyed by brisk exports

The Bank of Japan had also upgraded its economic assessment of Japan in its April report last Friday, saying that the export-led recovery is beginning to have a spill-over impact on domestic demand

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