FOREX-Dollar stumbles as risk appetite falters

Reuters: [2008-05-06 12:56:00]

(Changes byline, updates quotes, prices)

By Veronica Brown

LONDON, May 6 (Reuters) - The dollar gave up tentative gains on Tuesday versus the euro, pressured by waning risk appetite as European equities fell, while the single currency drew support from slightly stronger than expected service sector data.

Concerns over the impact of rising inflationary pressures amid soaring food and energy prices was also reflected in crude oil surging above $120 to a record high <CLc1>.

Further bad news from the banking sector weighed on risk appetite as European shares fell, led by Swiss bank UBS <UBSN.VX> after it unveiled large job cuts.

Reinsurer Swiss Re <RUKN.VX> announced another round of credit writedowns and said its first-quarter net profit had halved, missing analysts' forecasts and sending its shares lower.

Meanwhile, data released earlier showed a pick up in euro zone service sector growth, with the RBS/NTC services PMI coming in at 52.0, slightly above a flash reading of 51.8.

"European equity markets have been a bit disappointing. We're seeing a little bit of an increase in risk aversion with the investment community rotating back into the cyclically defensive currencies -- so we've seen the Swiss franc, the yen and euro all rallying today," JP Morgan G10 strategist Kamal Sharma said.

"Also we had the PMI services numbers that give credence to the view that the euro zone economy is slowing but holding up pretty well in the face of downside risks to global economic growth," he added.

The euro rose 0.1 percent to $1.5511 <EUR=>, holding above a five-week low hit late last week at $1.5359 as London traders returned to the market after a bank holiday on Monday.

The dollar was little changed at 104.85 yen <JPY=> and shed 0.3 percent versus the Swiss franc to 1.0492 francs <CHF=>.

Against a basket of six major rival currencies the greenback was a touch weaker at 73.125 <.DXY>.

The Australian dollar was little changed at $0.9456 <AUD=>, having retreated from a two-week high after the Reserve Bank of Australia held its key cash rate at a 12-year high of 7.25 percent and underlined its concern about demand.

SPOTLIGHT ON ECB

Record high oil prices were seen reinforcing the European Central Bank's focus on inflation, which President Jean-Claude Trichet on Monday termed a "significant" risk.

This underlined expectations the central bank would keep rates at 4 percent when it meets on Thursday.

Analysts also broadly expected the ECB to stick with its hawkish line on inflation in Trichet's post-meeting briefing on Thursday, despite a recent run of soft data, but some felt a psychological change in perceptions was already underway.

Bank of New York Mellon said much of the weakness in the U.S. economy, stemming from the ongoing credit crisis, has been factored into market sentiment.

"Moreover, the Federal Reserve has already taken most, if not all, of the action that the market expects them to take while the USD is priced at highly competitive levels," the bank said in a note to clients.

"There is growing feeling that while the ECB is undoubtedly sticking to the mandate it has been set, there has been a notable deterioration in the economic data of late out of the Euro-zone and that the euro is looking increasingly uncompetitively priced," it added.

(Reporting by Veronica Brown; Editing by Ian Jones)

((RM:veronica.brown.reuters.com@reuters.net; Tel: +44 207 542 6745))

Currency bid prices at 1044 GMT.  All data taken from Reuters 
with percent change calculated from the daily U.S. 
close at 2130 GMT. 
 
                       Last     US Close  % Chg   YTD %   2007 
                                05 May.                   Close 
                       ----------------------------------------- 
 Euro/dlr   <EUR=>     1.5514   1.5491   +0.15    +6.34   1.4589 
 Dlr/yen    <JPY=>     104.85   104.87   -0.02    -5.82   111.33 
 Euro/yen   <EURJPY=>  162.67   162.48   +0.12    +0.09   162.53 
 Dlr/swiss  <CHF=>     1.0495   1.0527   -0.30    -7.41   1.1335 
 Stg/dlr    <GBP=>     1.9682   1.9724   -0.21    -0.83   1.9847 
 Dlr/cad    <CAD=>     1.0134   1.0126   +0.08    +1.71   0.9964 
 Aus/dlr    <AUD=>     0.9456   0.9466   -0.11    +7.98   0.8757 
 NZD/Dlr    <NZD=>     0.7858   0.7844   +0.18    +2.50   0.7666 
 Euro/swiss <EURCHF=>  1.6285   1.6321   -0.22    -1.54   1.6539 
 Euro/stg   <EURGBP=>  0.7880   0.7855   +0.32    +7.23   0.7349 
 Euro/sek   <EURSEK=>  9.3555   9.3600   -0.05    -0.79   9.4304 
 Dlr/Nok    <NOK=>     5.0815   5.0683   +0.26    -6.50   5.4347 
 
 Latest forex developments <FXNEWS>    
 All forex news ... [FRX]  Debt...[DBT] Indicators...[ECI] 
 Currency reports.. [USD/] [DLR/BLOC] 
                    [GBP/] [AUD/] [NZD/] [CAD/] 
 All spots  <FX=> 
 Tokyo spots <AFX=> 
 Europe spots <EFX=> 
 Volatilities <FXVOL> 
 Tokyo Forex market info from BOJ <TKYFX> 
 World central bank news [CEN] 
 Economic Forecasts...<ECON>   Official rates...[INT/RATE] 
 Forex Diary.......[MI/DIARY]   Top events........[M/DIARY] 
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 Press Digests....[PRESS]  Polls on G7 economies..[SURVEY/] 
  

FOREX-Dollar inches up on ISM, high oil cap gains

Reuters: [2008-05-06 10:30:00]

(Changes dateline, byline, updates quotes, prices)

By Naomi Tajitsu

LONDON, May 6 (Reuters) - The dollar inched up on Tuesday after surprise growth in the U.S. service sector, but gains were minimal as investors were cautious about picking up the U.S. currency as oil prices hit a record high.

Crude oil prices rose above $120.50 per barrel <CLc1> to an all-time high due to supply concerns in Iran and Nigeria. Higher oil prices are seen weighing down the U.S. economy.

Analysts said that a jump in the Institute for Supply Management's non-manufacturing index was doing little to boost the dollar as many in the market believe that weakness in the U.S. housing market will continue to pressure the economy.

"Temporarily, the dollar's upward momentum is slowing," said Paul Mackel, director of currency strategy at HSBC.

"The market is reluctant to take the dollar higher given the levels of oil prices ... and given how the dollar traded off some of the decent data we saw, such as the payrolls and the ISM."

He added that the dollar was also weighed by a Federal Reserve survey on Monday that showed that U.S. banks continued to tighten lending standards and terms for both business and consumer, as it underlined the lingering impact of the credit crunch.

The euro showed limited initial reaction to data showing a pick up in euro zone service sector growth, with the RBS/NTC services PMI coming in at 52.0, largely in line with a flash reading of 51.8.

Traders awaited a reading of euro zone producer prices later in the session. Expectations are for PPI to rise 0.7 percent in March from the previous month, resulting in an annual rate of 5.6 percent, up from 5.3 percent.

The euro slipped 0.1 percent to $1.5475 <EUR=>, but stayed above a five-week low of $1.5359 hit late last week as London traders returned to the market after a bank holiday on Monday.

Dollar gains were slim after the U.S. currency firmed on Friday, when U.S. payrolls fell in April by a smaller-than-expected 20,000, while the jobless rate dipped to 5.0 percent [ID;nN02551119].

The U.S. currency was barely changed at 104.90 yen <JPY=>, hovering below 105.69 yen touched on Friday for the first time since late February.

The ISM's non-manufacturing index came in at 52.0 in April, exceeding expectations for a 49.1 reading and indicating unexpected growth in the U.S. service sector. Click on [ID:nN05377507]

Instead, the market chose to focus on the Federal Reserve survey on credit conditions [ID:nN05377572] and reports of widespread job cuts at financial institutions.

Record high oil prices were seen reinforcing the European Central Bank's focus on inflation, which President Jean-Claude Trichet on Monday termed a "significant" risk.

This underlined expectations the central bank would keep rates at 4 percent when it meets on Thursday. Focus was also on a policy meeting at the Bank of England on the same day, when it is expected to hold rates at 5 percent.

The Australian dollar was little changed at $0.9460 <AUD=>, having retreated from a two-week high after the Reserve Bank of Australia held its key cash rate at a 12-year high of 7.25 percent and underlined its concern about demand.

(Editing by Gerrard Raven)

((naomi.tajitsu@reuters.com; Tel: +44207 542 5830, Reuters Messaging: naomi.tajitsu.reuters.com@reuters.net))

RPT-FOREX-Dollar slips as focus shifts to yields, Aussie retreat

Reuters: [2008-05-06 08:42:00]

 (Repeats to fix format of table) 
    SINGAPORE, May 6 (Reuters) - The U.S. dollar was broadly 
weaker on Tuesday as doubts resurfaced about the health of the 
U.S. economy while record oil prices lifted commodity currencies 
such as the Canadian dollar. 
    Even the Australian dollar rose as a tentative pick up in 
risk appetite boosted high-yielders but it retreated after the 
Reserve Bank of Australia kept its cash rate steady and said 
aggregate demand in the economy was significantly lower. 
    The euro rose 0.2 percent against the dollar, struggling to 
make headway after Monday's data showing an unexpected weakening 
in euro zone investor morale in May and despite ECB President 
Jean-Claude Trichet's warning of significant inflation risks. 
    Against a basket of six major currencies, the dollar was 
hovering at 73.09 <.DXY>, having backed off a 73.698 high on 
Friday. 
    Trade was again thin with Tokyo off on holiday for a second 
day, keeping the dollar subdued around 104.80 yen <JPY=> after 
failing to sustain a 105.62 high on Monday.  
    "The dollar is coming under renewed pressure as global risk 
appetite appears to be stabilising," said Callum Henderson, head 
of currency strategy at Standard Chartered Bank. "Investors have 
a lot of cash and are starting to reinvest, refocusing on nominal 
interest rate spreads and going for carry. 
    "In this environment, the dollar, which rallied on a 
positional short squeeze rather than improving fundamentals, is 
once again under pressure due to low yields." 
    At 0530 GMT, the euro bought $1.5520 <EUR=> having recouped 
all the losses suffered after Friday's U.S. payrolls report was 
not as weak as expected.  
    Traders said support had been solid in the $1.5340/60 area 
and the market seemed to be in a mood to test resistance around 
$1.5570. 
    But the euro retreated from the day's highs near $1.5535 
after news of a bigger-than-expected fall in first quarter net 
profit at Swiss Re [ID:nL06701702] and news of a first-quarter 
loss for Swiss Bank UBS, which also announced job cuts of almost 
7 percent of its workforce. 
    OIL SURGES 
    The dip in the U.S. dollar came despite surprising strength 
in the ISM survey of U.S. services, which climbed to 52.0 in 
April from 49.6 in March, putting it above the 50 threshold that 
separates growth from contraction. 
    Instead, the market chose to focus on a Federal Reserve loan 
officer survey showing a sharp tightening in credit conditions 
[ID:nN05377572] and reports of widespread job cuts at financial 
institutions. 
    The jump in oil <0#CL:> on Monday to a fresh high of $120.36 
was also seen weighing down on the U.S. economy and helped 
extinguish a rally in equities <.DJI>. 
    "The ISM data should've helped the U.S. dollar but didn't, as 
flows and negative equity sentiment dominated holiday thinned 
trade," said Matthew Johnson, a senior economist at broker ICAP. 
    In contrast, record highs for oil were seen reinforcing the 
European Central Bank's focus on inflation, which Trichet on 
Monday termed a "significant" risk. 
    That merely underlined expectations the central bank would 
keep rates at 4 percent when it meets on Thursday. 
    "The U.S. is going to export inflation no matter what," said 
Johnson. "If U.S. growth is strong, commodity prices will rise; 
and if growth is weak, the Fed will cut and real rates will drop 
further, and commodity prices will rise further." 
    Gold and a range of other commodities did indeed climb on 
Monday, lifting currencies such as the Australian dollar <AUD=> 
which has risen two U.S. cents in as many days to reach $0.9468. 
    The Aussie fell to $0.9449 subsequently, after the Reserve 
Bank of Australia (RBA) held its key cash rate at a 12-year high 
of 7.25 percent and underlined its concern about demand. 
 (Reporting by Wayne Cole and Vidya Ranganathan; Editing by Neil 
Fullick) 
((vidya.ranganathan@reuters.com; +65-68703090; Reuters Messaging: 
vidya.ranganathan.reuters.com@reuters.net)) 
Currency bid prices at 0547GMT.  All data taken from Reuters 
with percent change calculated from the daily U.S. 
close at 2130GMT. 
 
                     Last     US Close  %Chg   YTD %  2007 Cls 
                              . 
------------------------------------------------------------- 
Euro/dlr   <EUR=>    1.5518   1.5489   +0.19   +6.37   1.4589 
Dlr/yen    <JPY=>    104.82   104.80   +0.02   -5.85   111.33 
Euro/yen   <EURJPY=> 162.68   162.35   +0.20   +0.09   162.53 
Dlr/swiss  <CHF=>    1.0510   1.0533   -0.22   -7.28   1.1335 
Stg/dlr    <GBP=>    1.9736   1.9719   +0.09   -0.56   1.9847 
Dlr/can    <CAD=>    1.0104   1.0132   -0.28   +1.41   0.9964 
Aus/dlr    <AUD=>    0.9450   0.9466   -0.17   +7.91   0.8757 
Euro/swiss <EURCHF=> 1.6312   1.6317   -0.03   -1.37   1.6539 
Euro/stg   <EURGBP=> 0.7862   0.7854   +0.10   +6.98   0.7349 
Nzd/dlr    <NZD=>    0.7856   0.7855   +0.01   +2.48   0.7666 
Dlr/Norw   <NOK=>    5.0630   5.0709   -0.16   -6.84   5.4347 
Euro/Norw  <EURNOK=> 7.8553   7.8573   -0.03   -0.92   7.9283 
Dlr/Swed   <SEK=>    6.0308   6.0415   -0.18   -6.68   6.4622 
Euro/Swed  <EURSEK=> 9.3543   9.3580   -0.04   -0.81   9.4304 
  
(Reuters is offering a new scrolling service for foreign exchange 
dealers and other FX specialists who want to follow the news 
minute by minute. Click here for the latest forex news and views 
<FXNEWS>) 
   
All spots <FX=> 
Tokyo spots <AFX=> 
Europe spots <EFX=> 
Volatilities <FXVOL=> 
Tokyo Forex market info from BOJ <TKYFX> 
World central bank news [CEN] 
Economic Forecasts...[ECI/I]   Official rates...[INT/RATE] 
Forex Diary.......[MI/DIARY]   Top events........[M/DIARY] 
Diaries...........[DIARY] Diaries Index........[IND/DIARY] 
Press Digests.....[PRESS] Polls on G7 economies..[SURVEY/] 
European markets......[MARKETS/] 
 
Keywords: MARKETS FOREX  
    

FOREX-Dollar slips as focus shifts to yields, Aussie retreats

Reuters: [2008-05-06 08:03:00]

SINGAPORE, May 6 (Reuters) - The U.S. dollar was broadly weaker on Tuesday as doubts resurfaced about the health of the U.S. economy while record oil prices lifted commodity currencies such as the Canadian dollar.

Even the Australian dollar rose as a tentative pick up in risk appetite boosted high-yielders but it retreated after the Reserve Bank of Australia kept its cash rate steady and said aggregate demand in the economy was significantly lower.

The euro rose 0.2 percent against the dollar, struggling to make headway after Monday's data showing an unexpected weakening in euro zone investor morale in May and despite ECB President Jean-Claude Trichet's warning of significant inflation risks.

Against a basket of six major currencies, the dollar was hovering at 73.09 <.DXY>, having backed off a 73.698 high on Friday.

Trade was again thin with Tokyo off on holiday for a second day, keeping the dollar subdued around 104.80 yen <JPY=> after failing to sustain a 105.62 high on Monday.

"The dollar is coming under renewed pressure as global risk appetite appears to be stabilising," said Callum Henderson, head of currency strategy at Standard Chartered Bank. "Investors have a lot of cash and are starting to reinvest, refocusing on nominal interest rate spreads and going for carry.

"In this environment, the dollar, which rallied on a positional short squeeze rather than improving fundamentals, is once again under pressure due to low yields."

At 0530 GMT, the euro bought $1.5520 <EUR=> having recouped all the losses suffered after Friday's U.S. payrolls report was not as weak as expected.

Traders said support had been solid in the $1.5340/60 area and the market seemed to be in a mood to test resistance around $1.5570.

But the euro retreated from the day's highs near $1.5535 after news of a bigger-than-expected fall in first quarter net profit at Swiss Re [ID:nL06701702] and news of a first-quarter loss for Swiss Bank UBS, which also announced job cuts of almost 7 percent of its workforce.

OIL SURGES

The dip in the U.S. dollar came despite surprising strength in the ISM survey of U.S. services, which climbed to 52.0 in April from 49.6 in March, putting it above the 50 threshold that separates growth from contraction.

Instead, the market chose to focus on a Federal Reserve loan officer survey showing a sharp tightening in credit conditions [ID:nN05377572] and reports of widespread job cuts at financial institutions.

The jump in oil <0#CL:> on Monday to a fresh high of $120.36 was also seen weighing down on the U.S. economy and helped extinguish a rally in equities <.DJI>.

"The ISM data should've helped the U.S. dollar but didn't, as flows and negative equity sentiment dominated holiday thinned trade," said Matthew Johnson, a senior economist at broker ICAP.

In contrast, record highs for oil were seen reinforcing the European Central Bank's focus on inflation, which Trichet on Monday termed a "significant" risk.

That merely underlined expectations the central bank would keep rates at 4 percent when it meets on Thursday.

"The U.S. is going to export inflation no matter what," said Johnson. "If U.S. growth is strong, commodity prices will rise; and if growth is weak, the Fed will cut and real rates will drop further, and commodity prices will rise further."

Gold and a range of other commodities did indeed climb on Monday, lifting currencies such as the Australian dollar <AUD=> which has risen two U.S. cents in as many days to reach $0.9468.

The Aussie fell to $0.9449 subsequently, after the Reserve Bank of Australia (RBA) held its key cash rate at a 12-year high of 7.25 percent and underlined its concern about demand. (Reporting by Wayne Cole and Vidya Ranganathan; Editing by Neil Fullick) ((vidya.ranganathan@reuters.com; +65-68703090; Reuters Messaging: vidya.ranganathan.reuters.com@reuters.net)) Currency bid prices at 0547GMT. All data taken from Reuters with percent change calculated from the daily U.S. close at 2130GMT.

Last US Close %Chg YTD % 2007 Cls

. ------------------------------------------------------------- Euro/dlr <EUR=> 1.5518 1.5489 +0.19 +6.37 1.4589 Dlr/yen <JPY=> 104.82 104.80 +0.02 -5.85 111.33 Euro/yen <EURJPY=> 162.68 162.35 +0.20 +0.09 162.53 Dlr/swiss <CHF=> 1.0510 1.0533 -0.22 -7.28 1.1335 Stg/dlr <GBP=> 1.9736 1.9719 +0.09 -0.56 1.9847 Dlr/can <CAD=> 1.0104 1.0132 -0.28 +1.41 0.9964 Aus/dlr <AUD=> 0.9450 0.9466 -0.17 +7.91 0.8757 Euro/swiss <EURCHF=> 1.6312 1.6317 -0.03 -1.37 1.6539 Euro/stg <EURGBP=> 0.7862 0.7854 +0.10 +6.98 0.7349 Nzd/dlr <NZD=> 0.7856 0.7855 +0.01 +2.48 0.7666 Dlr/Norw <NOK=> 5.0630 5.0709 -0.16 -6.84 5.4347 Euro/Norw <EURNOK=> 7.8553 7.8573 -0.03 -0.92 7.9283 Dlr/Swed <SEK=> 6.0308 6.0415 -0.18 -6.68 6.4622 Euro/Swed <EURSEK=> 9.3543 9.3580 -0.04 -0.81 9.4304

(Reuters is offering a new scrolling service for foreign exchange dealers and other FX specialists who want to follow the news minute by minute. Click here for the latest forex news and views <FXNEWS>)

All spots <FX=> Tokyo spots <AFX=> Europe spots <EFX=> Volatilities <FXVOL=> Tokyo Forex market info from BOJ <TKYFX> World central bank news [CEN] Economic Forecasts...[ECI/I] Official rates...[INT/RATE] Forex Diary.......[MI/DIARY] Top events........[M/DIARY] Diaries...........[DIARY] Diaries Index........[IND/DIARY] Press Digests.....[PRESS] Polls on G7 economies..[SURVEY/] European markets......[MARKETS/]

Keywords: MARKETS FOREX

FOREX-Dollar slips as focus shifts to yields, commodities

Reuters: [2008-05-06 05:44:00]

SINGAPORE, May 6 (Reuters) - The U.S. dollar was broadly weaker on Tuesday as doubts resurfaced about the health of the U.S. economy while record oil prices lifted commodity currencies such as the Australian and Canadian dollars.

The euro rose 0.3 percent against the dollar, overcoming Monday's data showing an unexpected weakening in euro zone investor morale in May and helped by ECB President Jean-Claude Trichet's warning of significant inflation risks.

Against a basket of six major currencies, the dollar was hovering at 73.03 <.DXY>, having backed off a 73.698 high on Friday.

At 0310 GMT, the euro bought $1.5530 <EUR=> having recouped all the losses suffered after Friday's U.S. payrolls report was not as weak as expected. Traders said support had been solid in the $1.5340/60 area and the market seemed to be in a mood to test resistance around $1.5570.

Trade was again thin with Tokyo off on holiday for a second day, keeping the dollar subdued around 104.72 yen <JPY=> after failing to sustain a 105.62 high on Monday.

"The dollar is coming under renewed pressure as global risk appetite appears to be stabilising," said Callum Henderson, head of currency strategy at Standard Chartered Bank. "Investors have a lot of cash and are starting to reinvest, refocusing on nominal interest rate spreads and going for carry."

"In this environment, the dollar, which rallied on a positional short squeeze rather than improving fundamentals, is once again under pressure due to low yields."

The dip in the U.S. dollar came despite surprising strength in the ISM survey of U.S. services, which climbed to 52.0 in April from 49.6 in March, putting it above the 50 threshold that separates growth from contraction.

Instead, the market chose to focus on a Federal Reserve loan officer survey showing a sharp tightening in credit conditions [ID:nN05377572] and reports of widespread job cuts at financial institutions.

OIL SURGES

The jump in oil <0#CL:> to a fresh high of $120.36 was also seen weighing down on the U.S. economy and helped extinguish a rally in equities <.DJI>.

"The ISM data should've helped the U.S. dollar but didn't, as flows and negative equity sentiment dominated holiday thinned trade," said Matthew Johnson, a senior economist at broker ICAP.

In contrast, record highs for oil were seen reinforcing the European Central Bank's focus on inflation, which Trichet on Monday termed a "significant" risk.

That merely underlined expectations the central bank would keep rates at 4 percent when it meets on Thursday.

"The U.S. is going to export inflation no matter what," said Johnson. "If U.S. growth is strong, commodity prices will rise; and if growth is weak, the Fed will cut and real rates will drop further, and commodity prices will rise further."

Gold and a range of other commodities did indeed climb on Monday, lifting currencies such as the Australian dollar <AUD=> which has risen two U.S. cents in as many days to reach $0.9468.

Dealers are also anticipating a hawkish tone from the Reserve Bank of Australia (RBA) when it announces the decision of its monthly policy meeting at 2:30 p.m. (0430 GMT).

The central bank is widely expected to hold its key cash rate at a 12-year high of 7.25 percent and underline its concern about core inflation, which surged to a 17-year peak of 4.2 percent in the first quarter. (Reporting by Wayne Cole and Vidya Ranganathan; Editing by Neil Fullick) ((vidya.ranganathan@reuters.com; +65-68703090; Reuters Messaging: vidya.ranganathan.reuters.com@reuters.net)) Currency bid prices at 0311GMT. All data taken from Reuters with percent change calculated from the daily U.S. close at 2130GMT.

Last US Close %Chg YTD % 2007 Cls

. ------------------------------------------------------------- Euro/dlr <EUR=> 1.5530 1.5489 +0.26 +6.45 1.4589 Dlr/yen <JPY=> 104.75 104.80 -0.05 -5.91 111.33 Euro/yen <EURJPY=> 162.66 162.35 +0.19 +0.08 162.53 Dlr/swiss <CHF=> 1.0498 1.0533 -0.33 -7.38 1.1335 Stg/dlr <GBP=> 1.9746 1.9719 +0.14 -0.51 1.9847 Dlr/can <CAD=> 1.0096 1.0132 -0.36 +1.32 0.9964 Aus/dlr <AUD=> 0.9472 0.9466 +0.06 +8.16 0.8757 Euro/swiss <EURCHF=> 1.6305 1.6317 -0.07 -1.41 1.6539 Euro/stg <EURGBP=> 0.7862 0.7854 +0.10 +6.98 0.7349 Nzd/dlr <NZD=> 0.7869 0.7855 +0.18 +2.65 0.7666 Dlr/Norw <NOK=> 5.0570 5.0709 -0.27 -6.95 5.4347 Euro/Norw <EURNOK=> 7.8540 7.8573 -0.04 -0.94 7.9283 Dlr/Swed <SEK=> 6.0230 6.0415 -0.31 -6.80 6.4622 Euro/Swed <EURSEK=> 9.3603 9.3580 +0.02 -0.74 9.4304

(Reuters is offering a new scrolling service for foreign exchange dealers and other FX specialists who want to follow the news minute by minute. Click here for the latest forex news and views <FXNEWS>)

All spots <FX=> Tokyo spots <AFX=> Europe spots <EFX=> Volatilities <FXVOL=> Tokyo Forex market info from BOJ <TKYFX> World central bank news [CEN] Economic Forecasts...[ECI/I] Official rates...[INT/RATE] Forex Diary.......[MI/DIARY] Top events........[M/DIARY] Diaries...........[DIARY] Diaries Index........[IND/DIARY] Press Digests.....[PRESS] Polls on G7 economies..[SURVEY/] European markets......[MARKETS/]

Keywords: MARKETS FOREX