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Wednesday, March 14, 2007

Dollar gets boost after the Data

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The dollar rose modestly after the U.S. current account deficit narrowed sharply at the end of 2006.
The greenback is now little changed against the yen from day-earlier numbers after starting the session on its back foot.
The data also gave the dollar some support against the euro.

Current Account Balance was out at -$195.8B vs -$203.5B expected
Import Price Index was out at 0.2% vs 0.8% expected
Capacity Utilization Rate was out at 82.5 Vs 83.5 expected

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