Yen and dollar dip

Posted by 7Star Tuesday, January 26, 2010

The yen and the dollar dipped on Monday while the euro and high-yielding currencies advanced, lifted by reports that Ben Bernanke was moving closer to being confirmed for a second term as chairman of the Federal Reserve. Resilience in Chinese shares and US stock futures, after a 2 percent fall on Wall Street on Friday, also encouraged investors to buy back some currencies, such as the Australian dollar, which were sold off heavily last week.

0 comments

Post a Comment

Labels

Followers

Archive

BlogCatalog