Monday, May 28, 2007

Dollar sits near peaks, buoyed by rate outlook

(Reuters) - The low yielding Japanese currency looked weak across the board as investors continued to favor selling low-yielders to fund purchases of higher return assets in carry trades.




European market activity was thin due to public holidays in Germany, Switzerland and Britain, while U.S. markets were also expected to be quiet due to the Memorial Day holiday.


Read more at Reuters.com Hot Stocks News

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