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Forex - Dollar firms, shrugs off more weak housing data.

Europe Intelligence Wire

| August 25, 2006 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From AFX Europe (Focus))

NEW YORK (MNI) - The dollar posted its third successive day of gains Thursday, bucking the notion that weak data from the US housing sector would undermine the greenback this week.

Euro-dollar was trading at 1.2770 usd in afternoon trade Thursday, noticeably below its 1.2832 usd starting level of the U.S. session and at the lower end of a 1.2755/2840 usd US hours trading range.

Similarly dollar-yen was trading around 116.50 yen, modestly above its 116.30 yen starting level and in the upper part of a 116.15/116.57 yen range seen in US hours.

On the day, the dollar saw slight losses early in the session as traders…

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