Thursday, July 5, 2007

Dollar holds gains ahead of US jobs report

(Reuters) - The dollar held gains on Friday, staying off a two-month low against the euro and a 26-year trough versus sterling after strong U.S. services data soothed concerns the Federal Reserve may cut interest rates later this year.

The dollar rose broadly the previous day after the Institute for Supply Management's services index for June rose to its highest level in a year, beating forecasts for a small decline.


Read more at Reuters Africa

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