5/8/2008 3:20 PM: EUR/$..1.5400 $/JPY..103.90 GBP/$..1.9525 $/CHF..1.0514 AUD/$..0.9432 $/CAD..1.0166
USD Slips, ECB & BoE Unchanged by
Korman TamThe dollar eased against the euro and the yen in the Thursday session, falling to 1.5441 and 103.42, respectively. Central bank decisions garnered the lion’s share of the attention today, with the European Central Bank and the Bank of England both announcing rate decisions in the morning.
The US economic calendar was light today, which saw weekly jobless claims improve to 365k versus 380k a week earlier. Meanwhile, wholesale inventories posted a 0.1% decline in March compared with a 1.1% increase in February. Friday’s data will see the March trade deficit, expected shrink to $61.3 billion down from $62.32 billion in February.
Euro Edges up on ECB
This article contains the following sections:
Euro Edges up on ECB
Bank of England Unchanged
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