Friday, May 9, 2008

The Greenback

The dollar eased against the euro and the yen in the Thursday session, falling to 1.5441 and 103.42, respectively.


In US the weekly jobless claims improve to 365k versus 380k a week earlier.

Meanwhile, wholesale inventories posted a 0.1% decline in March compared with a 1.1% increase in February.

Friday's data will see the March trade deficit shrinking to $61.3 billion down from $62.32 billion in February.