Dollar inches up versus euro in late trading (AP) and Dollar lower vs pound in late trading (AP)

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City of Industry, CA --(www.USEquityNews.com)-- 11/25/2008 - Currencies industry alert provided by U.S. Equity News. NEW YORK (AP) -- The dollar inched up against the euro late Monday night in New York. The 15-nation currency traded at $1.2873, down slightly from $1.2877 in late afternoon trading on Monday.On Friday afternoon, the euro fetched $1.2502. [Read the full article]


NEW YORK (AP) -- The dollar fell against the pound in late New York trading Monday night. The pound rose to $1.5117 from $1.5115 in late afternoon trading on Monday.On Friday afternoon, the pound was worth $1.4777. [Read the full article]

New Zealand business managers expect Q4 inflation to drop to 0.5%, down 0.6 percentage points from the previous quarter. The ease in expectations comes after producer wholesale costs rose 3.7% in Q3, substantially lower than in the previous three months which saw the metric rise 5.6%. Survey responders also expect yearly inflation to fall towards the Reserve Bank's target of 2.0%, at 2.8%. The stark 0.8 percentage point plunge comes after six consecutive increases in the metric. [Read the full article]

The Euro and the British Pound pulled back from the highs seen in US trading as risk appetite rebounded following US authorities' rescue of Citigroup Inc. Grim European fundamentals are unlikely to stir prices in the upcoming session, with forex traders looking ahead to the implications of the US GDP release.Key Overnight Developments• New Zealand Year-Out Inflation Expectations See First Fall in 18 Months• Japan's Corporate Service Prices Lowest in 5 Years• Euro, British Pound Pull Back from NY Session Highs Critical LevelsThe Euro pulled back from the US session high at 1.2948 in overnight trading, slipping below the 1.29 mark to test resistance-turned-support at 1.2809, the 11/19 high. The British Pound followed suit, testing the 1.51 level. [Read the full article]

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