04 Apr '11, 11pm

Dollar-euro stable amid eurozone rates speculation: NEW YORK: The euro-dollar rate was stable late Monday around...

NEW YORK: The euro-dollar rate was stable late Monday around the $1.42 level as traders looked ahead to a likely eurozone rate hike. The euro touched a high of $1.4268, its strongest level in five months, before settling back to $1.4220 at 2100 GMT, barely changed from late Friday's rate. "On balance, the dollar remains weak and there has been little reason for recovery with no US economic data on the calendar," said Kathy Lien of Global Forex Advisors. "Four central banks will be making monetary policy announcements this week and the minutes from the last Fed meeting should shed light on how far behind the Federal Reserve is from everyone else," she said. On Tuesday, the US central bank will release the minutes from its policy meeting three weeks ago, and analysts and traders will all be looking for a hint on whether it is moving toward tightening monetary policy. The Eur...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

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