0622 HEADLINES

	AP U.S. Dollar Drops Against Euro Tuesday June 21, 6:49 pm ET   Dollar Drops Against Euro After European Central Bank Says No Plan to Cut Euro Interest Rates BERLIN (AP) -- The U.S. dollar fell against the euro Tuesday after European central bank speakers announced they had no definite plan to cut interest rates on the euro, despite investors' expectations. The 12-nation currency rose to $1.2153 in late New York trading from $1.2140 late Monday, after German finance professionals lifted their outlook for Europe's biggest economy. The ZEW institute's monthly index climbed to 19.5 in June from 13.9 the prior month, half a point higher than forecast. The dollar was mixed against other major currencies, with the British pound edging up to $1.8271 from $1.8227, and the dollar buying 108.30 yen, down from 109.44 yen. The dollar also bought 1.2676 Swiss francs, down from 1.2720 Monday, and 1.2303 Canadian dollars, down from 1.2340. The euro dropped earlier Tuesday after the Swedish Riksbank cut rates by half a percentage point, twice what was expected, to 1.5 percent, inspiring investors' anticipation that other European central banks may follow suit, analysts said. Lower interest rates make investment securities denominated in a particular country's currency less attractive than those in others. While the Scandinavian country is a member of the European Union, it hasn't adopted the euro, leaving its central bank to function independently of the European Central Bank. The ECB, which sets monetary policy for the 12 nations using the euro, has left interest rates unchanged at 2 percent for two years. The Bank of England raised its key interest rate five times between November 2003 and August 2004 from 3.5 percent to 4.75 percent, but has held the rate steady since then. The euro was driven from about $1.20 in September to its all-time high of $1.3667 at the end of last year by worries about the widening U.S. trade and budget deficits, and Friday's data from Washington underlined those concerns. The U.S. Commerce Department said the deficit in the U.S. current account -- the broadest measure of international trade -- rose to $195.1 billion in the first quarter as the country sank deeper into debt to Japan, China and other nations. But, following the acrimonious collapse of EU budget talks on Friday, the dollar had been staging a comeback. Italian Premier Silvio Berlusconi on Tuesday dismissed suggestions that his country could leave the euro and bring back the lira. "It's not possible and it's not in our interest," Berlusconi said.

	AP Dollar Gains Modestly in Asian Trading Wednesday June 22, 12:14 am ET TOKYO (AP) -- The dollar was slightly higher early Wednesday in Asian trading from earlier levels, as surging oil prices continued to weigh on the euro and yen. The dollar was trading at 108.51 yen on the Tokyo foreign exchange market at 11 a.m. Wednesday, down 0.95 yen from late Tuesday, but above the 108.21 yen it bought in New York later that day. The euro rose to $1.2167 from $1.2103 late Tuesday, but had fallen from $1.2169 in New York earlier Tuesday. The 12-nation currency fell to 132.03 yen from 132.43 yen. In New York Tuesday, the dollar was mixed against other major currencies, with the British pound edging up to $1.8271 from $1.8227, and the dollar buying 1.2676 Swiss francs, down from 1.2720 Monday, and 1.2303 Canadian dollars, down from 1.2340. The market remains focused on whether the European Central Bank will lower interest rate targets to lift growth across the economic zone. On Tuesday, central bank president Jean-Claude Trichet said nominal interest-rates -- at 2 percent for the past two years -- are at historically low levels, a point echoed by other bank officials in recent days. Central bank officials have shifted from denying possible rate cuts to saying they are not considering changing rates either way. The euro dropped earlier Tuesday after the Swedish Riksbank cut rates by half a percentage point, twice what was expected, to 1.5 percent, inspiring investors' anticipation that other European central banks may follow suit, analysts said. Lower interest rates make investment securities denominated in a particular country's currency less attractive than those in others. While the Scandinavian country is a member of the European Union, it hasn't adopted the euro, leaving its central bank to function independently of the European Central Bank. The euro was driven from about $1.20 in September to its all-time high of $1.3667 at the end of last year by worries about the widening U.S. trade and budget deficits, and Friday's data from Washington underlined those concerns. The U.S. Commerce Department said the deficit in the U.S. current account -- the broadest measure of international trade -- rose to $195.1 billion in the first quarter as the country sank deeper into debt to Japan, China and other nations. But, following the acrimonious collapse of EU budget talks on Friday, the dollar had been staging a comeback. Italian Premier Silvio Berlusconi on Tuesday dismissed suggestions that his country could leave the euro and bring back the lira. "It's not possible and it's not in our interest," Berlusconi said.

	AP Japanese Stocks Up Slightly; Dollar Lower Tuesday June 21, 11:10 pm ET   Japanese Key Stock Index Slightly Higher, Dollar Lower Against the Yen and Euro TOKYO (AP) -- Japan's key stock index was slightly higher Wednesday, lifted by gains in select technology and other major exporters as traders kept an eye on near-record oil prices amid a lack of fresh economic news. The dollar fell against the yen and euro. The Nikkei 225 Index opened lower but had rebounded by the lunch break, rising 33.71 points, or 0.29 percent, to 11,522.45 points on the Tokyo Stock Exchange. The index rose 5.39 points, or 0.05 percent, Tuesday. The benchmark index opened nearly flat following a mixed finish on U.S. stock markets overnight, but inched up by mid-morning. The TOPIX index, which includes all issues on the Tokyo Stock Exchange's first section, gained 1.96 points or, 0.17 percent, to 1.171.11 points. The TOPIX lost 1.50 points, or 0.13 percent, Tuesday. On Tuesday in New York, one day after reaching record highs, crude oil futures fell below $59 per barrel, but the historically high prices were still weighing on investors' enthusiasm for stocks amid concerns that higher fuel costs would erode corporate earnigs. A barrel of light crude settled at $58.90, down 47 cents, on the New York Mercantile Exchange. The dollar was trading at 108.51 yen in Tokyo at 11 a.m. (0200 GMT) Wednesday, down 0.95 yen from late Tuesday, but above the 108.21 yen it bought in New York later that day. The euro rose to $1.2167 from $1.2103 late Tuesday, but fell to 132.03 yen from 132.43 yen. The yield on the benchmark 10-year Japanese government bond fell to 1.2700 percent from the Tuesday's finish of 1.2900 percent. Its price rose 0.16 to 100.26 points.

	AP Most Asian Markets Advance, Tokyo Rises Wednesday June 22, 6:53 am ET   Most Asian Markets Advance, With Tokyo Shares Rising to a Nearly 10-Week High HONG KONG (AP) -- Most stock markets in Asia climbed Wednesday, with the key index in Japan rising to a nearly 10-week high as investors snapped up construction and real estate issues. Tokyo's Nikkei Stock Average of 225 issues gained 58.54 points, or 0.5 percent, to 11,547.28 -- its highest level since April 14 when it finished at 11,563.17. It was its second straight session of gains after rising 5.39 points, or 0.1 percent, Tuesday. "We can attribute the share price rises today in Japan to gains in other markets all over Asia," said Shinko Securities strategist Tsuyoshi Segawa. Strong markets such as Taipei, Hong Kong and Seoul prompted traders to buy construction issues Kumagai Gumi Co. and Shimizu Corp. and real estate firm Sumitomo Realty and Development Co. Steady gains for the U.S. technology-rich Nasdaq index also lifted Japanese technology blue chips NEC Corp., Kyocera Corp., Toshiba Corp. and Matsushita Electric Industrial Co. Sony Corp. also ended higher after the company's shareholders approved the appointment of its new management led by Welshman Howard Stringer. The Nikkei had opened nearly flat after a mixed finish in U.S. stocks Tuesday. On Wall Street, the Dow Jones industrial average fell 0.1 percent, while the tech-focused Nasdaq composite index gained 0.1 percent. Hong Kong shares advanced to a four-month closing high amid expectation of a strong debut Thursday by Bank of Communications Ltd., the first Chinese state-owned bank to list outside of mainland China. The Hang Seng Index rose 181.67 points, or 1.3 percent, to 14,161.02, its highest close since Feb. 28, when the index finished at 14,195.35. On Tuesday, the Hang Seng edged up 33.58 points, or 0.2 percent. In currency dealings, the U.S. dollar weakened against the Japanese yen. It bought 108.49 yen in late Tokyo trading, down 0.97 yen from late Tuesday, but above the 108.21 yen it fetched in New York later that day. Elsewhere: BANGKOK: Thai shares fell after Tuesday's rally on losses by energy and petrochemical issues on concerns over production disruption as a result of water shortage. The Stock Exchange of Thailand Index shed 3.07 points, or 0.5 percent, to 686.57. BOMBAY: Indian shares ended at a new closing high as foreign funds continued to buy index-related stocks. The Bombay Stock Exchange's Sensitive Index, or Sensex, gained 68.82 points, or 1.0 percent, to 7,145.34, beating its previous closing high of 7,076.52 on Tuesday. JAKARTA: Indonesian shares reversed early losses to end slightly higher as bargain-hunters re-entered the market. The Composite Index was up 1.369 points, or 0.1 percent, at 1,134.692. KUALA LUMPUR: Malaysian shares ended at a seven-week high on strong gains in key blue chips Commerce Asset-Holding and IOI Corp. The weighted Composite Index of 100 blue chips gained 7.02 points, or 0.8 percent, at 903.33. MANILA: Philippine shares rose marginally on a technical rebound after two sessions of losses. The 30-company Philippine Stock Exchange Index added 4.53 points, or 0.2 percent, to 1,958.62. SEOUL: South Korean stocks advanced, led by financial stocks, amid optimism for an economic recovery in the coming months. The Korea Composite Stock Price Index, or Kospi, jumped 12.16 points, or 1.2 percent, to 1,002.15. SHANGHAI: Chinese shares were pulled higher by late bargain hunting that offset losses on worries about non-tradable share reform. The Shanghai Composite Index edged 0.54 points, or 0.1 percent, higher, to 1,102.03. SINGAPORE: Share prices rose, as higher oil prices prompted investors to buy into rig builders such as SembCorp Marine and Keppel Corp. The Straits Times Index gained 9.70 points, or 0.4 percent, to 2,206.34. SYDNEY: Australian shares fell for the third straight session amid losses in energy and utility stocks. The S&P/ASX 200 lost 22.20 points, or 0.5 percent, to 4,277.90. TAIPEI: Taiwan's shares jumped to a 14-month closing high as traders bought computer memory-chip stocks. The Weighted Price Index rose 79.37 points, or 1.3 percent, to 6,357.83, its highest close since April 29, 2004. WELLINGTON: New Zealand shares slipped in a mixed session. The NZSX-50 gross index dipped 1.51 points, or 0.1 percent, to 3,177.68.

	硬着头皮扫了眼E文，晕~~竟然还包括了整个亚太股市！好忙的虎版

	Reuters Euro falls on rate cut speculation Wednesday June 22, 7:29 am ET By Carolyn Cohn LONDON (Reuters) - The euro and sterling fell against the dollar on Wednesday, as European rate cut speculation came back into focus following a dovish report from the Bank of England. Sterling dropped half a percent against the dollar and a quarter percent against the euro after minutes of the Bank of England's June meeting showed two Monetary Policy Committee members voted for a rate cut, including the Bank's chief economist. Rate cut speculation has moved up the agenda for markets this week after Sweden cut rates by a hefty 50 basis points on Tuesday. "The BoE minutes are the biggest mover this morning. It has opened the door for a cut in July. Also, there is clearly pressure intensifying on the ECB to cut rates," saidMitul Kotecha, head of currency research at Calyon. Traders also cited talk of a report issued by a private U.S.-based advisory group predicting that the ECB will cut rates soon. The euro was trading around the day's lows of $1.2138 at 0940 GMT, down a third of a percent from the U.S. close. Sterling was down more than half a percent against the dollar at $1.8185, one percent below two-week highs reached before the release of the minutes. The pound was down a third of a percent against the euro at 66.75 pence. The dollar also rose more than half a percent against the yen to 108.60 yen. The yen fell as speculation of an imminent revaluation of the Chinese yuan cooled after a prominent Chinese banker suggested Beijing was in no rush to revalue its currency. The yen was also hurt by data showing a shrinking Japanese trade surplus. MINUTES SHOCK Minutes of the BoE's June meeting showed Monetary Policy Committee members Marian Bell and BoE Chief Economist Charles Bean voted for a 25 basis point rate cut. The remaining seven MPC members voted to leave rates steady at 4.75 percent. As recently as May, one MPC member voted for a rate hike. The euro fell to within half a cent of nine-month lows on Tuesday after the Swedish rate cut caused some market players to conclude that a trimming of the ECB rate might not be far behind. Otmar Issing, the ECB's chief economist, was quoted by a Belgian publication on Wednesday as saying that he did not expect the current slide in the euro against the dollar to last. But Bank of Spain Governor Jaime Caruana expressed the market's pervading gloom about the euro zone economy, saying the euro zone's economic situation could be characterized by persistent weakness in the first half. ECB Governing Council member Axel Weber speaks at 1730 GMT. CHINA TALK The yen fell against the euro and the dollar after the president of the Bank of China, one of China's four main state- controlled banks, said a revaluation of the yuan was unlikely to happen soon. The yen was also rattled by data on Wednesday showing that Japan's trade surplus narrowed in May from a year earlier for the fourth time in five months and exports to China fell. The dollar had fallen about 1 percent against the yen on Tuesday due partly to rumors which proved unfounded that China would hold a news conference on a possible yuan revaluation. The yen has often traded as a proxy currency for the yuan whenever the market thinks Beijing might be a step closer to relaxing the yuan's peg to the dollar. "There was a lot of speculation about an imminent China revaluation yesterday, which didn't transpire and that coupled with trade numbers is one of the reasons why the yen is trading weaker," said Bilal Hafeez, foreign exchange strategist at Deutsche Bank. On Thursday, the market will be listening out for another round of U.S. efforts to persuade China to revalue, when Fed Chairman Alan Greenspan and Treasury Secretary John Snow testify at a Senate hearing on U.S.-China economic relations. Chinese President Hu Jintao will attend the G8 meeting of rich nations in Gleneagles, Scotland in early July, the People's Daily said on Wednesday.

	是不是，每一段话只要看了标题，就不用往下看了。

	thanks

	AP U.S. Dollar Rises Against Euro Wednesday June 22, 10:24 am ET   U.S. Dollar Rises Against Euro Amid Speculation Rates May Fall in the Euro-Zone BERLIN (AP) -- The dollar rose against the euro Wednesday amid speculation interest rates may fall in the 12-nation euro-zone and uncertainty about the future of the European Union. The euro was trading at $1.2120 in afternoon trading in Europe, down from $1.2153 in New York late on Tuesday. The dollar also gained against other major currencies, with the British pound falling to $1.8213 from Tuesday's $1.8271 and the dollar buying 108.68 Japanese yen, up from 108.30. The euro turned downward after the Swedish Riksbank cut interest rates to 1.5 percent on Tuesday, fueling speculation the European Central Bank might follow suit. On Wednesday, Bank of England minutes showed that two members of the Monetary Policy Committee voted for a quarter-percentage point cut at the June meeting, boosting talk that a cut could be coming. The bank voted 7-2 to keep the key rate steady at 4.75 percent, where it has been since August 2004. Lower rates can boost economic growth by encouraging borrowing and investment, but can weaken currencies by reducing returns on fixed-income investments. Though Sweden and Britain are part of the EU, they have not adopted the euro and still set their own interest rates. Germany's economics minister suggested Tuesday it was time for the ECB to consider a cut. The euro was driven from about $1.20 in September to its all-time high of $1.3667 at the end of last year by worries about the widening U.S. trade and budget deficits. The dollar has since clawed its way back on more optimistic U.S. data and concerns about European unity driven by last week's collapse of EU budget talks and the French and Dutch rejections of the bloc's constitution.

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