Wednesday, June 13, 2007

Dollar at 4-1/2 year peak vs yen as U.S. yields rise

(Reuters) - Investors were braced for U.S. retail sales data, the Federal Reserve Beige Book and speeches from Fed officials as markets have dropped expectations of lower U.S. interest rates later this year.




"Now people are focusing on home-grown issues in the U.S., including the mispricing of the Fed cycle -- rate cut are now fully taken out and markets are focusing on tightening next year," said Chris Turner, head of FX strategy at ING.


Read more at Reuters.com Hot Stocks News

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