Friday, August 22, 2008
The U.S. dollar declined at a fastest pace in a month against the Japanese currency today as the credit market losses extended and the Federal Reserve probably won’t be able to raise the rates by the year’s end. The dollar also fell against the euro and the Great Britain pound today as the previously expected rate difference decline became not so obvious to the Forex traders. Yen’s growth against... [read more]
Friday, August 22, 2008
Fears about more losses due to the current credit crisis helped the yen and Swiss franc to gains Thursday on the theory that investors will be less inclined to seek out risky currency trades funded with the low-yielding currencies. In late morning trade in New York the yen traded at ¥161.1536 to the euro, at ¥108.3350 to the US dollar and at ¥95.1723 to the Australian dollar, while the Swiss franc... [read more]
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