Monday, June 9, 2008

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.

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