Thursday, July 5, 2007

Dollar May Rise Versus Yen and the Euro Before June Payroll Report in U.S.

(Bloomberg) -- The dollar may rise versus the yen and
euro on speculation a government report might show U.S. job
growth exceeded analysts' forecasts in June.

Data yesterday showed U.S. service industries unexpectedly
expanded in June at the fastest pace in 14 months. A separate
report that includes only private employment and doesn't take
into account hiring by government agencies showed companies in
June added the most workers in seven months to payrolls.


Read more at Bloomberg Currencies News

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