Monday, July 2, 2007

Dollar subdued by rate outlook, holiday jitters

(Reuters) - Such concerns, which were fuelled by a suicide bombing in Yemen on Monday suspected to be linked to al Qaeda, boosted the U.S. Treasury market, pushing benchmark yields to their lowest level in nearly a month.




Jitters ahead of the U.S. Independence day holiday on Wednesday kept investors away from the dollar, in addition to the view that the Federal Reserve is unlikely to lift rates anytime soon given a recent run of data showing soft U.S. inflation.


Read more at Reuters.com Hot Stocks News

No comments: