Monday, May 28, 2007

Dollar Range-Bound With Other Major Currencies, Monday, May 28, 2007 11:45:52 AM

The dollar saw little movement on Monday morning in New York with the U.S. markets closed for Memorial Day. The greenback gained slightly on the sterling in early action before leveling off. The buck traded in a tight range with the euro and yen throughout the morning.

The dollar traded in a tight range with the euro on Monday morning in New York. The dollar fell to 1.3461 at 3:45 a.m. and got as high as 1.3448 at 5 a.m. The currencies have leveled off after some choppy trading last week.

The greenback was flat with the British pound in late morning trading on Monday in New York after gaining slightly earlier in the day. The dollar got as high as 1.9823 at 6:45 a.m. ET. In general, the dollar has been trending slightly higher since reaching a two-week low last Wednesday.

The dollar was range-bound near a 15-week high against the yen on Monday morning in New York. The currencies have been flat since late Sunday night ET. The dollar slipped on Friday evening after touching its highest level since mid-February earlier that day.
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