Sunday, June 3, 2007

Dollar Trades Near Four-Month High Against Yen Before U.S. Services Data

(Bloomberg) -- The dollar traded near the highest
against the yen in more than four months before a U.S. report
tomorrow that's expected to show service industries expanded.

The U.S. dollar may extend six weeks of gains as signs of
resilience in the economy damp speculation the Federal Reserve
will lower interest rates. A stronger services sector would add
to evidence the world's largest economy is recovering from the
slowest growth last quarter in more than four years.


Read more at Bloomberg Currencies News

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