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Reply #95: Dollar lifted by rate-hike implication seen in Fed report [View All]

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-15-05 11:45 AM
Response to Reply #4
95. Dollar lifted by rate-hike implication seen in Fed report
http://www.marketwatch.com/news/newsfinder/pulseone.asp?dateid=38610.517800706-842497335&siteID=mktw&scid=0&doctype=806&

CHICAGO (MarketWatch) -- The U.S. dollar got an additional boost against the euro and turned positive against the Japanese yen following a regional manufacturing report from Philadelphia that contained enough of a whiff of inflation to support bets for higher Federal Reserve interest rates. The dollar stood at 110.54 yen in recent trading, compared to 110.44 yen just ahead of the noon, Eastern time, report. The dollar is up 0.2% against the yen compared to where it stood late Wednesday. The euro fell to $1.2209 vs. $1.2221. It's down 0.6% on the day against the dollar.
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