Excerpt from: Futures and Commodity News
|
 |
| April 02, 2007 | | An overview of major currencies in spot forex trading | Spread bets, CFDs and spot forex trades should consider the likely moves for this week on the spot forex market. Reuters reports on where the U.S. dollar, euro and Japanese yen are today on the spot forex market:
The dollar was broadly steady
against major currencies on Monday as investors awaited key U.S.
data this week for insight on when the Federal Reserve might cut
interest rates this year. The euro was unfazed after a survey showed growth in the
euro zone manufacturing sector slowed slightly in March -- doing
little to change expectations the European Central Bank would
raise rates as early as June. The yen shrugged off Japan's quarterly tankan survey showing
business confidence deteriorating for the first time in a year,
as it did nothing to change expectations that the Bank of Japan
would leave rates steady after lifting them in February. | | |
|
|
