Friday, July 6, 2007

Dollar Gains Versus Euro, Yen as Job Creation In June Exceeded Forecasts

(Bloomberg) -- The dollar rose against the euro and
yen after a government report showed job creation in the U.S.
exceeded economists' forecasts last month.

Strength in employment may erase speculation the Federal
Reserve will reduce interest rates. Policy makers have said
inflation is their ``predominant'' concern. They kept borrowing
costs at 5.25 percent for an eighth straight meeting last week.


Read more at Bloomberg Currencies News

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