Friday, July 27, 2007

Dollar Rebounds as U.S. Stock-Index Futures Advance Before GDP Report

(Bloomberg) -- The dollar rebounded against the yen
and the euro as stock markets gained before a report expected to
show U.S. economic growth accelerated in the second quarter.

The dollar may trim this month's 1.8 percent decline versus
the euro as the Commerce Department will probably say the economy
expanded at an annualized 3.2 percent rate, the fastest in more
than a year, according to a Bloomberg survey. U.S. stock-index
futures rose and European stocks erased earlier losses.


Read more at Bloomberg Currencies News

No comments: