Dollar slips in Asia
Tuesday, 18 December 2007
TOKYO, Dec 17 (AFP): The dollar dipped against other major currencies in Asian trade today as players locked in some of Friday's sharp gains triggered by a spike in US inflation, dealers said.
They said that renewed worries about upward price pressures had dampened expectations of further Federal Reserve interest rate cuts.
The dollar slipped to 113.01 yen in Tokyo afternoon trade from 113.23 in New York late Friday.
The euro rose to 1.4435 dollars from 1.4429 Friday, when it had fallen sharply to a more than one-month low. The single European currency slipped to 163.13 yen after 163.41.
The dollar was mixed against regional Asian currencies, rising to 1.4514 Singapore dollars from 1.4444 and to 9,352 Indonesian rupiah from 9,327.
The greenback slipped to 32.38 Taiwan dollars from 32.42 and to 41.00 Philippine pesos from 41.19, while holding was steady at 30.00 Thai baht and at 928.90 South Korean won.
They said that renewed worries about upward price pressures had dampened expectations of further Federal Reserve interest rate cuts.
The dollar slipped to 113.01 yen in Tokyo afternoon trade from 113.23 in New York late Friday.
The euro rose to 1.4435 dollars from 1.4429 Friday, when it had fallen sharply to a more than one-month low. The single European currency slipped to 163.13 yen after 163.41.
The dollar was mixed against regional Asian currencies, rising to 1.4514 Singapore dollars from 1.4444 and to 9,352 Indonesian rupiah from 9,327.
The greenback slipped to 32.38 Taiwan dollars from 32.42 and to 41.00 Philippine pesos from 41.19, while holding was steady at 30.00 Thai baht and at 928.90 South Korean won.