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Old 05-19-2008, 02:43 PM
Clever111 Clever111 is offline
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Join Date: Oct 2007
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Default USD still weak, awaiting for long term measures

Hey guys, still waiting for an to the US recession. I want to be optimistic

Dollar fell on Friday after University of Michigan/Reuters index of consumer confidence showed threat to economic growth. Tokichi Ito, deputy general manager for the Forex team at Trust & Custody Services Bank said: " "The focus is on what kind of factors might push the dollar out of its recent ranges against the yen and when, at this point, few people have a clear view on whether the dollar will break above its range or fall below it." The dollar rose 0.1 percent from late U.S. trading on Friday to 104.17 yen. The euro dipped around 0.1 percent from late in New York to $1.5561.

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