Tuesday, April 24, 2007

Forex-Dollar near 2-year low vs euro on rate view

(Reuters) - "The U.S. data was weak, so it's easy to sell the dollar right now," said Takehiko Jimbo, forex manager at Mitsubishi UFJ Trust and Banking, adding it was only a matter of time before the euro climbed to a record high versus the dollar above $1.3670.

It was around 161.50 yen, not far from 162.43 yen touched earlier in the month, the highest since the currency was introduced in 1999.


Read more at Reuters.com Hot Stocks News

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