Monday, April 30, 2007

Euro Down From Record Highs Against Dollar, Yen, Monday, April 30, 2007 7:35:59 AM

The euro retreated from record peaks against the dollar and yen Monday morning in New York as traders considered data showing Euro zone economic sentiment slightly dropped in April.

The euro pulled away from Friday evening`s record high Monday morning in New York. Approaching mid-morning, the euro fetched 1.3615, down from 1.3681 Friday evening. Traders await the release of PMI data from Chicago later in the day.

The euro eased against the yen Monday morning in New York, fetching 162.70, down from Friday`s record high of 163.29. Japanese financial markets were closed on Monday for the first of a string of Golden Week holidays.

The euro was range-bound against the sterling Monday morning in New York, moving between .6818 and .6835. Trading took place amid the release of data showing that British consumer confidence improved in April.
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