Monday, November 5, 2007
The dollar fell to one-week low opposed to the urge on Monday, snowed under by fears of main losses at financial firms from credit market turmoil, while the Japanese currency benefit from hawkish policymaker remarks Bank of Japan governor Toshihiko Fukui thought that a timely interest rate hike was required and that keeping rates too low could pretense risks in the future.
The Citi news, joined with falls in equities, kept back the dollar near record lows against the euro and a holder of major currencies despite U.S. data on Friday viewing a surge in October jobs growth well above prospect.
Refer: http://investing.reuters.co.uk/news/articleinvesting.aspx?type=usDollarRpt&story
ID=2007-11-05T083353Z_01_L05643015_RTRIDST_0_MARKETS-FOREX-UPDATE-3.XML
The Citi news, joined with falls in equities, kept back the dollar near record lows against the euro and a holder of major currencies despite U.S. data on Friday viewing a surge in October jobs growth well above prospect.
Refer: http://investing.reuters.co.uk/news/articleinvesting.aspx?type=usDollarRpt&story
ID=2007-11-05T083353Z_01_L05643015_RTRIDST_0_MARKETS-FOREX-UPDATE-3.XML
posted by stifxonline
@ 1:59 AM
permanent link | Post a Comment |
0 Comments:
Post a Comment
<< Home