Joined Nov 11, 2007
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The Dollar Continues to Strengthen Against Most Currencies

“The dollar strengthened before a report that will probably show the U.S. housing market is stabilizing. U.S. stock-index futures and European equities were little changed, while emerging-market shares fell for a second day as foreign investment in China dropped to a two-year low.

The dollar appreciated against most of its 16 major peers, gaining 0.4 percent versus the yen at 7:25 a.m. in New York. The pound rallied after U.K. retail sales unexpectedly rose. Standard & Poor’s 500 Index futures added 0.2 percent. The Stoxx Europe 600 Index (SXXP) slipped less than 0.1 percent, with the number of shares changing hands 27 percent lower than the 30-day average. The MSCI Emerging Markets Index (MXEF) fell 0.1 percent. Wheat jumped 1.7 percent.”

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