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Wednesday, June 25, 2008

USD Gains A Bit As Oil Price Decline

1440 GMT [Dow Jones] USD is reversing some of its modest losses against the euro as US oil stockpiles rise, causing global oil prices to decline. But USD ranges are holding as markets wait for the FOMC statement in the afternoon. Recently, EUR/USD was at 1.5586 from 1.5572 late Tue, while USD/JPY was at 108.02 from 107.79. (DKM)

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(END) Dow Jones Newswires

June 25, 2008 10:40 ET (14:40 GMT)

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