Monday, May 28, 2007

Euro Sees Little Change Against Other Major Currencies, Monday, May 28, 2007 12:29:51 PM

The euro was generally range-bound against the other majors on Monday. The European currency gained slightly against the pound, pulling further away from the five-week low it saw last week. The euro was flat with the yen and dollar. Many markets were closed Monday for Memorial Day.

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

The euro and sterling were flat during Monday mid-day trading in New York. The European currency gained in the early morning before leveling off beginning at around 2 a.m. On Friday, the euro rebounded off of a five-week low against its British counterpart.

The euro remained level with the Japanese yen on Monday. The currencies have been level since Friday when the euro bounced back from a two-week low. On Monday, the pair generally stayed between the 163.00 and 163.80 marks.
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