Dollar Rises Versus Sterling On U.K. Labor Market Woes

T he dollar rallied versus the sterling but remained locked in a
stalemate with the euro and yen on Wednesday, as focus remained on
whether Greece will accept strict terms in exchange for sovereign debt
aid.

The International Monetary Fund, with its leader Dominique
Strauss-Kahn in jail in New York on *** assault charges, warned Greece
that further reforms are needed if they hope to arrange for another
lifeline.


Meanwhile, soaring U.K jobless claims helped the dollar hit a 6-week
high versus the sterling. The buck jumped to $1.6137 its highest since
early April, picking up more than a penny from its overnight levels.

The number of Britons claiming jobless allowance increased in April at
the sharpest pace since January last year, even as the UK's private
sector struggled to compensate for job losses in the public sector due
to government spending cuts.

The minutes of the latest Bank of England policy meeting showed its
rate-setting board voted 6 to 3 in favor of keeping rates on hold at 0.5
percent.

The dollar was stuck near $1.4230 versus the euro, even as the
Greece's sovereign debt crisis remained unresolved. Economic weakness
in the U.S. has prevented the dollar from extending May's move away from
a 17-month low near $1.50.

There buck eased versus the yen, slipping to Y81.15. With the loss, the dollar returned to a stubborn trading range.

The Federal Reserve is scheduled to release the minutes of the April
26-27 monetary policy setting meeting at 2 pm ET. The FOMC minutes are
also likely to be combed through to get further insights into the Fed's
thinking about economic conditions and its monetary policy stance.

Although the post-meeting press conference shed some light on the
discussions and deliberations that had happened during the meeting, the
markets may still be curious to know about the degree of cohesion or
divisiveness among policymakers.

In news from the housing front, U.S. mortgage applications continued
to rise last week, as home owners rushed to lock in low interest rates.

Mortgage applications increased 7.8 percent from one week earlier,
according to data from the Mortgage Bankers Association's Weekly
Mortgage Applications Survey for the week ending May 13, 2011.

The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.60 percent from 4.67 percent.

(Market News Provided by RTTNews


räumung wien -
entsorgung wien -
reinigung Wien -
wohnungsreinigung wien -
umzug wien -
yallakora -
entsorgung wien -
umzug wien -
wohnungsräumung wien -
entsorgung -
entsorgung wien -
entsorgen -
entrümpelung -
entruempelung -
umziehen wien -
Umziehen -
umziehen -
forex news -
forex training -
forex trading -
umzug wien -
umzug


loan,plastic,blood,Medicine,eye,ear,alternative,medicine
,medical,Surgery,Plastic,cardiac,heart,cardiology,Oncology
,Diabetes,blood,forex,health,sexual,news,palliative,loan
,alternative,mind,geriatric,orthopedic,plastic,oncology,uro,
cardiology,nephrology,kidney,blood.haematology,psychiatry
,skin,derma,gland,endocrinology,chest,sex,alternative,
stomach,liver.intestine,pancrease,uterus,ovary,children
,neonat,boy,parent,eye,ophthalmology,epidemics,endemic
,ear,nose,throat,physiology,anatomy,micro,bio,forex,anus,
biochemistry,histopathology,toxic,poison,forensic,Palliative
,Care,medicine,life,vagin,rent,books,palliative,rent,loan
,newborn,nutrion,cosmotic,forex,foot,pelvis,family,surgery,