Select language

Home arrow Trading Resources arrow Traders Forum

gnuTrade Traders Forum

homepost replythreaded viewstatshelp
 
Forum List Markets Forex (Currencies)
Guillermo
avatar User
Platinum Boarder
Posts: 350
graphgraph
 
 Yen Drops Versus Dollar as Recovery Signs - 2010/01/06 20:38 Happy New Year, boys and girls! The yen fell against the dollar as signs of a global economic rebound eroded demand for the Japanese currency as a haven and Finance Minister Hirohisa Fujii resigned.

The yen weakened versus all 16 of the most-traded currencies tracked by Bloomberg as the extra yield on U.S. two- year notes relative to their Japanese counterparts increased. Australia’s dollar rose as metal prices rose for a fourth day. The euro recovered after falling for a second day against the dollar on speculation the European Union will avoid a bailout for Greece as the nation struggles to lower its budget deficit.

The yen weakened to 92.45 per U.S. dollar as of 6:53 a.m. in New York, from 91.71 yesterday. It slipped to 132.74 versus the euro, from 131.75. The euro traded at $1.4355 from $1.4365, after dropping to $1.4284 earlier.

The difference in yield, or spread, between U.S. and Japanese two-year notes widened 2 basis points to 87 basis points today after narrowing during the previous two days. The spread was 98 basis points on Dec. 31, the most since August.
  | | The administrator has disabled public write access.
Forum List Markets Forex (Currencies)
Joomlaboard Forum Component 1.1.5
Two Shoes M-Factory

Latest Market News

Read the latest market news on forex, bonds, indices and commodities Read today's financial market news and views. Get news on forex, stock indices, bonds and commodites trading. Trading News >>

Bull-Bear Trading Game

Try the Bull Bear Market Trading Game Try our fantastic new Bull-Bear Market Race. It's a fun and simple way to express your market views. Bull-Bear Market Race >>

Trading Platform

Try the gnuTrade Trading Platform Use the gnuTrade platform to place per point trades as well as Basic and Back a Player Bets.
Trading Platfom >>