Monday, May 18, 2009

US Dollar Rises as Stock Markets, US Index Futures Turn Lower in Asian Trading (Euro Open)

The US Dollar gained against most major currencies as stocks tumbled across Asian exchanges and US equity index futures traded down as much as 1% ahead of the opening bell in London. Overnight data saw New Zealand’s input PPI fell the most since 1976 in the first quarter while Japanese consumer confidence beat economists’ expectations in April.


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