Sterling Weakens Further To Yen, Choppy To Other Majors, Tuesday, June 26, 2007 8:00:36 AM
The sterling added to losses from the previous session against the yen while seeing choppy dealing against the dollar and euro Tuesday morning in New York. With no major data expected Tuesday, traders await Thursday`s UK house prices data.The sterling gave back early gains to the euro Tuesday morning in New York, slipping to .6737 after reaching .6726 overnight. Traders considered data showing German import prices recorded 0.6% annual growth in May.
The sterling was range-bound against the dollar Tuesday morning in New York, moving between 1.996 and 1.9995 in early dealing. Trading took place ahead of U.S. consumer confidence figures for June and new home sales for May.
The pound extended losses from the previous session against the yen Tuesday morning in New York, falling to 245.22 before recovering to fetch 246.18 at 7:30 am ET. Investors mulled data showing that the Japanese corporate service price index rose 1.4% from the previous year.
Copyright © 2007 RTTNews.com. All Rights Reserved.
posted by Kalin Tasev @ 5:33 AM
0 Comments:
Post a Comment
<< Home