Speculators concerned about export currencies.

Story link: Speculators concerned about export currencies.

The Swiss franc was up on Monday, but the yen was shaky and the U.S dollar was down again. The dollar was down partly on concerns about global growth and partly, at least according to some analysts, around the issue of China’s refusal to revalue the renminibi even though the U.S. expects it to do so, at issue that was addressed this past weekend at as the G7 nations met. The dollar was down 0.6 cents to $1.2978 in relation to the euro. It also declined 0.6 cents against sterling, to $1.8987, and was off ¥0.2 to ¥107.49 in relation to the yen. The Swiss franc, relying on its reputation as a good investment in troubled economic times, was up 0.8 centimes to SFr1.1922 as opposed to the U.S. dollar and ¥0.4 against the yen, to ¥90.13. The yen’s trouble seemed to revolve around the fact that Japan is depending on export-reliant companies for a recovery at a time when there is concern that the global demand for those companies’ products is in question.