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http://quote.bloomberg.com/apps/news...h5zw&refer=hom
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Dollar May Rise on Speculation U.S. Growth to Outpace Europe's
Aug. 11 (Bloomberg) -- The dollar may rise against the euro in Asian trading
on expectations a retail sales report will signal U.S. economic expansion is
outpacing European growth, boosting demand for dollar-denominated assets.

U.S. retail sales probably rose 1 percent in July, after a 0.5 percent
increase in June, according to the median estimate of 42 economists surveyed
by Bloomberg News. Germany, the biggest economy of the 12-nation euro
region, will probably report on Thursday that its economy shrank 0.1 percent
last quarter.

The dollar was at $1.1299 per euro at 8:07 a.m. in Tokyo, from $1.1309 late
Friday in New York. It was also at 119.11 yen, from 119.08 yen. Italy's
economy, Europe's fourth largest, slipped into recession for the first time
in more than a decade, a report showed on Friday.

Economic reports from the U.S. ``have been a little bit better than
expected,'' Jonathan Prince, Sydney-based currency sales manager at National
Australia Bank Ltd., told Bloomberg News in a television interview. ``The
U.S. dollar is in reasonable shape,'' and may rise to $1.11 per euro in the
next few weeks.

National Australia Bank, the country's largest lender, was the third-most
accurate of 52 companies surveyed by Bloomberg News in predicting the
dollar's level in the second quarter.

Last Updated: August 10, 2003 19:10 EDT