1. Also buoying the dollar today was news that Dresdner Bank AG plans to sell three-year bonds denominated in Australian dollars. 2. And some traders said even weaker-than-expected figures could still buoy the dollar. 3. Another report showing that consumer confidence jumped to a seven-year high also buoyed the dollar. 4. Bonds rose after an agreement by U.S. and Japanese trade negotiators buoyed the dollar, fostering demand for dollar-denominated securities. 5. A declining Japanese surplus often buoys the dollar by leaving fewer dollars in the hands of Japanese exporters to sell for yen to bring profits home. 6. A declining Japanese surplus often buoys the dollar because it means Japanese exporters have fewer dollars to sell for yen to bring profits home. 7. A U.S. bond rally also buoyed the dollar against most major currencies. 8. Also buoying the dollar against the yen, U.S. Treasury Secretary Robert Rubin reiterated his support for a strong dollar. 9. Also buoying the dollar are expectations that U.S. interest rates may rise, while rates in Germany will likely remain low, and may even be cut further. 10. Faust believes Fed buying will help buoy the dollar next week. |