& çâÌæÚUæð´ ·¤è ¥ôÚU Îð¹Ùæ ÁæÚUè ÚU¹ð´ ¥ÍæüÌ ¥ÂÙð ÜÿØ ÂÚU ŠØæÙ ÚU¹ð´Ð ãæÚU Ù ×æÙð´, €UØô´ç·¤ ·¤æ× ·¤ÚUÙð âð ¥æÂ·¤ô ©gðàØ ·¤è Âýæç# ãôÌè ãñ ¥õÚU ÁèßÙ ·¤æ ¹æÜèÂÙ ÎêÚU ãôÌæ ãñÐ ÖÜð ãè ÁèßÙ ×ð´ ç·¤ÌÙè Öè ·¤çÆÙæ§ü €UØô´ Ù ¥æ°, çÁ™ææâæ ¥õÚU ©ˆâæã ÕÙæ° ÚU¹ð´Ð ŠØæÙ ÚU¹ð´, ÜÿØ ã×ðàææ ¥æÂ·Ô¤ Âæâ ãôÌð ãñ´ çÁ‹ãð´ ÂæÙð ·Ô¤ çÜ° ÂýØæâ ¥æÂ ·¤Öè Öè àæéM¤ ·¤ÚU â·¤Ìð ãñ´Ð

Dollar down against euro before Fed minutes

ATP, London
The dollar fell against the euro on Wednesday as the market awaited publication of the minutes from the US central bank's last interest rate meeting for a lead on the direction of monetary policy.
In midday European trade, the euro rose to 1.4658 dollars from 1.4585 dollars in New York late on Monday.
The dollar eased to 111..69 yen from 111.70 yen.
Markets were closed Tuesday for the New Year holiday.
Dealers were gearing up for the Federal Reserve’s minutes set for release later Wednesday At the US Federal Reserve's meeting on December 11, policymakers decided to cut key short-term interest rates by a quarter of a percentage point.
The reduction in US borrowing cost to 4.25 percent was made to help cushion the economy from a housing slump and credit market turmoil.
"For markets, the themes in play remain familiar with the
trade off between the downside risks to growth and the upside risks to inflation still the dominant policy preoccupation," Calyon economist Daragh Maher said.
‘The markets will study (the) minutes to see how the Fed views the growth/inflation trade-off. Any suggestion in the minutes that the inflation threat is being underplayed by the market could see the dollar on the offensive again," Maher added.
The markets are betting that the Fed will cut interest rates again this month in a move to shore up the world's largest economy.
Data last week showed US new home sales sank nine percent in November, the slowest sales rate in more titan 12 years.
"Basically new home sales are coming to a level that is near a recession," said Philip Wee, a currency strategist with DBS bank.
"Everyone is still looking for a rate cut in January, "he said.
On Monday, however the US National Association of Realtors (NAR) reported that existing home
sales in Ute US inched up 0.4 percent in November, breaking an eight-month losing streak amid the prolonged housing slump.
November salts indicated the beginnings of stabilisation in the troubled housing market, the industry group said.
Even though the world's biggest economy managed solid growth over the second and third quarters of 2007, some analysts say the Fed must be prepared for a slowdown in the face of tight credit and the housing market’s woes.
In European trading on Wednesday, the euro changed hands at i.4658 dollars, against 1.4585 late Monday, at 163.63 yen (162.92), 0.7388 pounds (0.7340) and 1.6539 Swiss francs (1.6537).
The dollar stood at 111.69 yen (111.70) and 1.1282 Swiss francs (1.1337).
The pound was at 1.9839 dollars (1.9867).
In London, the price of gold rose to 840.78 dollars per ounce from 833.75 dollars late on Monday.