Forex News: Greenback Advanced Slightly Versus Singapore Dollar, Uncertain To Hong Kong And Malaysian Counterparts; Late Thursday,Friday, April 27, 2007 2:44:19

Friday, April 27, 2007

Greenback Advanced Slightly Versus Singapore Dollar, Uncertain To Hong Kong And Malaysian Counterparts; Late Thursday,Friday, April 27, 2007 2:44:19

Late Thursday in New York, the US currency made some advances versus the Singapore dollar, but it was uncertain against the Hong Kong and the Malaysian currencies. However, the Greenback held steady with the Thai Baht.

On the other hand, the dollar showed an uncertain against the South Korean Won, but it strengthened slightly versus the Indian Rupee.

Following various Japanese economic releases during late Thursday evening, the Greenback gained some momentum versus the Yen. But the pair gave back the gains by about 9:00 pm ET. Overnight Friday in New York, the Bank of Japan left its uncollateralized overnight call rate unchanged at 0.5%. The dollar continued its downtrend amid the release.

Against the Singapore dollar, the Greenback showed choppy trading until about 10:00 pm ET Thursday, but declined thereafter. Off 1.5145 by about 10:35 pm ET, the pair bounced back completely and steadied further higher. As of 2:41 am Eastern Time Friday, a Greenback fetched 1.5168 Singapore dollars.

The US currency traded in a loose range versus the Hong Kong dollar on late Thursday in New York. The Buck slid briefly by about 9:25 pm ET, but it drifted higher within a few minutes and then entered a range again. The pair extended the same trend into the overnight deals on Friday and as of 2:41 am Eastern Time, a Buck traded at 7.8212 Hong Kong dollars.

The US dollar made a sharp spike higher against the South Korean currency at about 8:05 pm ET Thursday. However, the dollar gave back most of its gains soon after and showed an uncertain trend. Lately the pair has been resuming the same trend and as of 2:37 am Eastern Time Friday, a dollar was quoted at 928.7000 Won.

Late Thursday in New York, the US dollar moved sideways against its Indian counterpart. At about 11:25 pm ET off 40.6750 the dollar gained momentum to 41.1000 within a few minutes. However, in the small morning hours on Friday, the dollar shed a few pips and collected 41.0750 Rupees as of 2:41 am Eastern Time.

Much of the late hours on Thursday, the US currency held steady at 32.3250 against the Thai Baht. However, at about 12:50 am ET Friday, the Greenback started to trade higher and has been moving further higher currently. As of 2:41 am Eastern Time, a Greenback was worth 32.7300 against the Thai Baht.