Euro Uncertain To Other Majors Ahead Of ECB Report, Thursday, May 17, 2007 7:16:58 AM

The euro was range-bound against its major counterparts Thursday morning in New York, staying near an all-time peak against the yen. Trading took place ahead of the today`s European Central Bank report for May.

The euro was little changed against the dollar Thursday morning in New York after losing ground on Wednesday. The euro fetched 1.351 approaching mid-morning with the US Labor Department due to release its weekly report on initial jobless claims.

The euro stayed near a record high from the previous session against the yen Thursday morning in New York, fetching 163.73 after the Bank of Japan held its key interest rates at 0.50%.

Choppy trading against the sterling left the euro little changed at .6838 Thursday morning in New York. Traders considered data from the UK showing housing starts fell 9% on year in the first quarter.

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