UPDATES ON JUNE 25 2008

JUNE 25 WEDNESDAY

Dollar Trades Little Changed Before U.S. Interest-Rate Decision .

The dollar was little changed against the euro and yen

before the Federal Reserve ends a two-day meeting at

which policy makers are forecast to end a run of seven

interest-rate cuts.

The U.S. currency traded near a two-week low versus

the Australian dollar as traders reduced bets that the

central bank will increase rates from 2 percent this year

on signs the economy is still slowing. The Norwegian

krone approached the highest in two weeks on

speculation policy makers will raise borrowing

costs to 5.75 percent today.

The dollar was at $1.5556 per euro at 7:25 a.m. in London

from $1.5568 in New York yesterday. It touched $1.6019

on April 22, the lowest level since Europe's currency

debuted in 1999. The dollar traded at 107.92 yen from

107.82. Japan's currency was at 167.87 a euro from

167.85 yesterday, when it touched 168.38, the

weakest since July 23.

The U.S. currency slipped to 95.58 cents against

the Australian dollar from 95.54 cents in New York

yesterday, when it fell to 95.87 cents, the lowest

since June 9.

The dollar has gained 1.5 percent against the euro

this quarter as traders bet the economic slowdown

sparked by the collapse of the subprime-mortgage

market will spread to Europe as the U.S. recovers.

This year, the dollar is down 6.2 percent.

The dollar may weaken as the Commerce Department

will report today that new-home sales fell to an annual

pace of 512,000 in May, close to a 17-year low, according

to the median estimate of economists surveyed by Bloomberg.

UPDATES ON JUNE 24 2008

JUNE 24 TUESDAY





Dollar Gains On Other Majors Ahead of Wednesday's Rate Call

U.S. Consumer Confidence in June Probably Fell to 15-Year Low

Consumer confidence probably fell this month to

the lowest level in more than 15 years, raising the

risk that Americans will retrench after spending

their tax rebates, economists said before reports

today.

The euro declined against the dollar and the yen.

The European single currency traded at $1.5569

against the dollar at 8:14 a.m. in London, after earlier

rising to $1.5636, near the highest level since June 10.


The dollar found some traction against other major

currencies on Monday in New York, paring a fraction

of last week's losses as traders looked ahead to

Wednesday's interest rate call from the Federal Reserve.

The dollar advanced versus the euro, picking

up ground in early dealing before leveling off.

The buck rose to 1.5467 before easing back to

1.55, an improvement from Friday's 10-day

low of 1.5650.

The dollar rose sharply versus the sterling

in early dealing Monday before giving back

some gains in afternoon dealing. The buck

climbed almost 2 cents to 1.9584, then fell

back to 1.9640.

The dollar continued its run of choppy trading

versus the yen, improving to 108 from Friday's

weekly low of 107.10. The dollar has been moving

roughly sideways for the past 2 weeks, unable to

build upon its multi-month high of 108.58 from

earlier this month.

The greenback was little changed against the loonie,

staying near 1.0170 as the price of oil jumped back to

$137 in spite of a promise from the Saudi government

to boost oil production.

UPDATES ON JUNE 19 2008

JUNE 19 THURSDAY

Dollar May Fall for Fourth Day Before Report on Manufacturing .

The dollar may fall against the euro for a fourth day

before a Federal Reserve report forecast by economists

to show manufacturing in the Philadelphia region shrank

in June for a seventh month.

The dollar traded at $1.5535 per euro at 6:04 a.m. in

Tokyo, after falling 0.2 percent yesterday. It touched

the all- time low of $1.6019 on April 22. The Swiss franc

was at 1.0361 per dollar following a 0.5 percent increase.

The yen was little changed at 107.83 per dollar and

167.52 per euro, after touching 168.04 yesterday,

the lowest since July 23, 2007.

The U.S. Dollar Index traded on ICE futures, which

tracks the greenback against the currencies of six U.S.

trading partners, fell yesterday for a third day,

dropping 0.1 percent to 73.440.

The dollar has traded in a range of $1.5300 to $1.5850

against the euro since the beginning of May. It will rise

to $1.50 by year-end, according to the median forecast

of 39 analysts surveyed by Bloomberg News.

UPDATES ON JUNE 18 2008

JUNE 18 WEDNESDAY

Dollar Trades Near One-Week Low; Traders Trim Bets on Rate Rise

The dollar traded near a one-week low against the euro

as investors bet the Federal Reserve will keep interest rates

unchanged next week and the European Central Bank will

increase borrowing costs next month.

The U.S. currency was also near its lowest in a week

against the yen after reports in the U.S. yesterday

showed housing starts fell in May to a 17-year low and

industrial production unexpectedly declined. The British

pound fell before the release today of minutes from the

most recent Bank of England meeting.

The dollar traded at $1.5482 per euro as of 7:20 a.m.

in London from $1.5511 late yesterday, when it fell to a

one-week low of $1.5552. The U.S. currency was little

changed at 108.07 yen, near a one-week low of 107.54

yen and down from a four- month high of 108.58 set

June 16. The yen was at 167.33 per euro. It touched

167.84 yesterday, the weakest since July.

The dollar may fall to $1.5550 per euro and 107.60

yen today, Soma forecast.

UPDATES ON JUNE 17 TUESDAY

JUNE 17 TUESDAY

Dollar Falls for Second Day Against Euro Before Housing Report .

The dollar fell for a second day against the euro before

government housing and inflation reports that may

add to speculation the Federal Reserve will delay

increasing interest rates.

The currency declined from a four-month

high versus the yen as economists at Moody's

Investors Service Inc. and ABN Amro Holding

NV said the Fed won't be in a hurry to raise

borrowing costs. Korea's won rose for a

second day after the government said it

will use a stronger currency to help slow

inflation.

The dollar declined to $1.5534 per euro at 7:23 a.m

. in London, from $1.5477 in New York yesterday.

The U.S. currency fell to 107.89 yen from 108.22

yesterday, when it rose to 108.58 yen, the highest


level since Feb. 14. The yen traded at 167.60 a euro


after dropping to 167.84, the weakest since July 23,

when it reached a record low of 168.99. It was at

167.49 yesterday.

UPDATES ON JUNE 13 FRIDAY

JUNE 13 FRIDAY


The dollar fell to session lows versus the euro and traded

flat against the yen as investors took profits ahead of the

weekend after recent strong gains in the U.S. currency,

traders said.


A government report on Friday showed U.S. personal

spending rose in April in line with forecasts and a key

measure of inflation moderated.


The dollar garnered broad support this week from

a further retreat in oil prices from last week's record


$135.09 per barrel and a jump in U.S. Treasury yields.

The euro zone common currency was headed for

a second month of declines versus the greenback,

according to Reuters data.


The dollar index, which tracks the value of the greenback

against a basket of six currencies, rose.

UPDATES ON JUNE 11 2008

JUNE 11 WEDNESDAY



Dollar Rises to 3-Month High; Fed May Show Inflation Concern .

The dollar rose to a three-month high against the yen

on speculation Federal Reserve officials

speaking today will highlight the risk of

inflation.


The dollar climbed to 107.72 yen, the highest

level since Feb. 26, before trading at 107.63 as

of 1:49 p.m. in Tokyo from 107.44 in New York

yesterday. It was also at $1.5475 per euro,

from $1.5467 yesterday. It has surged 2

percent the past two days, the most since

November 2005. The euro traded at 166.54

yen from 166.17 yen in New York. .


The U.S. currency may rise to 108 yen today, Kato said.

Futures on the Chicago Board of Trade showed

a 58 percent chance yesterday the Fed will

raise its 2 percent target rate for overnight

lending between banks by at least a quarter

point at its Aug. 5 meeting, compared with

32 percent the previous day. The contracts

showed a 96 percent chance the Fed will

increase the rate by December, up from

60 percent odds a week ago.

The Australian dollar fell to 94.39 U.S.

cents, the lowest level since May 16, after

an industry report showed consumer

confidence in June tumbled to its

lowest in almost 16 year

The New Zealand dollar dropped as low

as 75.03 U.S. cents, the weakest since

Jan. 23, amid expectations local interest

rates will decline while the Fed may raise

borrowing costs.


The U.S. currency traded at $1.9549 against

the British pound from $1.9544 yesterday, and was

at 1.0429 versus the Swiss franc from 1.0418.


The dollar has fallen 9.6 percent against

the euro and 7.3 percent versus the yen

since Sept. 18, when the Fed began to

lower borrowing costs from 5.25 percent.

The U.S. dollar index traded on ICE futures

in New York was at 73.610, following a 1.2

percent gain yesterday that was the biggest

since Dec. 14. The index tracks the dollar

against the currencies of six major trading

partners including the yen, euro and pound.

UPDATES ON JUNE 10 2008

JUNE 10 TUESDAY


The euro was weaker against the dollar and sterling, but moved

higher against some of the other majors. The European currency

fell to a weekly low against the pound and turned away from a

multi-week best versus the dollar. The euro gained against

the yen and franc.


The euro turned away from a four-week high against the U.S. dollar.

After climbing as high as 1.5813 in the early-morning in New York,

the European currency dropped to 1.5719 in the mid-morning.


In after-hours trading Friday oil hit $139.12 - a trading record, though


it was down slightly Monday to $137.65 a barrel.

In other currencies, the British pound fell slightly to $1.9709, from

$1.9713 late Friday, while the dollar bought ¥105.13, up from

¥105.10 in New York.

UPDATES ON JUNE 5 2008

JUNE 5 THURSDAY

The U.S Dollar index , a weighted measure against the Euro, Yen

and four other major currencies , gained as much as 0.3 %

yesterday.The U.S currency rallied after Federal Reserve Chairman

signalled , he was done cutting U.S borrowing cost for now.