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Tuesday May 17, 08:12
Dollar up on Japan’s GDP
(by Roy Deng)

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Dollar up on Japan’s GDP The US dollar went up again within the weaker-than-expected performance of the Japanese yen and optimistic outlook of the US economy revealed Tuesday.

Some market analysts are not so optimistic about the rally, Reuters data shows, pointing at the possible links between the stronger performance and US hedge funds. The problems of hedge funds and the risks of their reductions are considered to be the key factors for the rally.

"If investors were bullish on the U.S. economy share prices would rise. But what we have is soft share prices and a fall in interest rates," Kota Kimura, assistant forex manager at Shinkin Central Bank told Reuters.
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25 Apr 2005 09:45 AM Dollar up against yen on Chinese official’s comments
 


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