29 May 2001, 10:59  FX MOVING

Most currency pairs were little changed from midday levels Friday afternoon, as the lure of an extended weekend prompted earlier position squaring, traders said. Looking ahead to the week ahead, traders could be found in both bull and bear camps. Some traders were looking for the dollar-yen to stabilize back into the Y120.00 - Y125.00 range, which they felt would give a lift to both the euro-yen and the dollar-yen. Dollar-yen saw mild profit-taking in afternoon trade, but traders were still mixed on the next near-term move.

© 1999-2024 Forex EuroClub
All rights reserved