Updated: 4/11/2003; 10:08:53 AM.
euro-dollar
Euro/Dollar stories of interest.
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Tuesday, May 28, 2002
FOREX-Dollar teeters above lows, U.S. data eyed

"The dollar slid back within sight of eight- month lows against the euro as concerns over the strength of the U.S. recovery resurfaced ahead of U.S. consumer confidence data due later on Tuesday."

"But the threat of further yen-selling intervention by Japan stemmed the dollar's losses against the yen, particularly after Japan's Finance Minister described the Japanese currency's recent surge as "too drastic"."

"'The market is showing no signs that it has finished with taking the dollar down,' said Russell Jones, head of foreign exchange research at Lehman Brothers."



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