Dollar mixed amid rate rise speculation
Thursday, 12 June 2008
TOKYO, June 11 (AFP): The dollar was mixed against other major currencies in Asian trade Wednesday amid growing speculation that the US Federal Reserve may hike interest rates to fight inflation, dealers said.
They said the market was looking ahead to a meeting of Group of Eight finance ministers this weekend, with signs that Washington is seeking to bolster the greenback.
The dollar edged up to 107.48 yen in Tokyo afternoon trade, compared with 107.38 in New York late Tuesday.
The euro rose to 1.5509 dollars after 1.5464 and to 166.69 yen from 166.19 yen.
They said the market was looking ahead to a meeting of Group of Eight finance ministers this weekend, with signs that Washington is seeking to bolster the greenback.
The dollar edged up to 107.48 yen in Tokyo afternoon trade, compared with 107.38 in New York late Tuesday.
The euro rose to 1.5509 dollars after 1.5464 and to 166.69 yen from 166.19 yen.