Monday, May 28, 2007

China, Korea stocks hit records

(Reuters) - The U.S. currency hovered near a three-month high against the yen and a six-week peak to the euro as traders bet weak U.S. housing data late last week was not enough to warrant a cut in U.S. interest rates later in the year.




Crude oil prices eased about a third of a percent after a Nigerian oil union strike was suspended at the weekend, but remained above $70 a barrel on worries about gasoline supplies ahead of the U.S. summer holiday season.


Read more at Reuters.com Hot Stocks News

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