Thursday, June 28, 2007

Yen snaps winning streak as risk appetite returns

(Reuters) - The dollar steadied versus the euro, with markets awaiting the outcome of a two-day Federal Reserve meeting later in the session. The bank is seen holding rates at 5.25 percent and its statement will be scrutinized for clues on future policy.




Softer U.S. data this week had shifted investor sentiment back towards the next Fed move being a cut rather than a hike, although most see rates on hold for the rest of the year.


Read more at Reuters.com Hot Stocks News

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