US dollar little changed versus euro
Story link: US dollar little changed versus euro
The US dollar was little changed after early gains versus the euro on Monday morning in New York after last week’s gains on the belief that the US Federal Reserve is almost done cutting interest rates for the time being.
The euro was helped by gains in German consumer confidence and bought $1.5650 at nearly 11 a.m. in New York, while it was slightly higher to ¥163.5319.
The yen traded about even versus the US dollar at ¥104.4900.
The British pound was up slightly versus the US dollar, to $1.9957 despite another report of declines in house prices, while it traded at 78.45p to the euro.
The Australian and New Zealand dollars, meanwhile, were both up versus the US dollar and the yen as commodities prices rose and on hopes that the worst of the credit crisis is over.
In late morning trade in New York the Aussie bought 93.88 cents US and ¥98.1004, while the kiwi was worth 78.68 cents US and ¥82.201.
Add to Bookmarks:
Related stories:
Sterling impacted by UK consumer spending fall...
Currencies flat as dollar falls
...
GBP suffers fall in high street spending
...
Renminbi revaluation speculations continue
...
Sterling weaker as US dollar strengthens
...
Forex markets move on weakening dollar
...
Latest News:
Pound declines on Iceland issueYen lower as rate cuts take hold
Yen stronger despite interest rate cuts
Yen weaker on US Fed move
Euro weaker on credit mess
Pound weakens on service sector data
USD gains on euro, pound
Euro weaker on Dexia rescue
Pound, euro weaken on bailouts
Yen strenghtens on delays in US bailout plan