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.