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May 31, 2007 Thursday Jamadi-ul-Awwal 14, 1428





Dollar gains


LONDON, May 30: The dollar crept up on the euro on Wednesday despite the release of an estimate of US job creation that was weaker than expected. In late European trading the euro stood at $1.3421, from $1.3448 in New York late on Tuesday.

The dollar slipped to 121.46 yen from 121.64 yen.

The dollar firmed ahead of the release of minutes to the US Federal Reserve’s May rate-setting meeting, having been largely unaffected by the private sector employment report suggesting that Friday’s crucial non-farm payrolls data for May will come in much in line with expectations.

Payrolls services firm ADP reported that the US economy added 97,000 private sector jobs in May.—AFP






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