Tuesday, June 26, 2007

Euro Slips Further To Yen, Uncertain To Other Majors Tuesday Morning, Tuesday, June 26, 2007 7:40:04 AM

The euro fell further against the yen, but bounced back against the dollar and sterling Tuesday morning in New York. Traders considered data showing German import prices recorded 0.6% annual growth in May.

The euro extended a decline from the previous session against the yen Tuesday morning in New York, falling further from last week`s record peak. The euro slipped to a 2-week low of 165.10 in early dealing before recovering a bit to fetch 165.65 at 7:15 am ET. Investors mulled data showing that the Japanese corporate service price index rose 1.4% from the previous year.

The euro saw choppy dealing against the dollar Tuesday morning in New York, rising to 1.347 after slipping to 1.3432 in early dealing. Trading took place ahead of U.S. consumer confidence figures for June and new home sales for May.

The euro bounced back and forth against the sterling Tuesday morning in New York, climbing to .6737 after slipping to .6726 in early trading. With no major data expected Tuesday, traders await Thursday`s UK house prices data.
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