July 8, 2009
Yen advances on earnings concerns
Story link: Yen advances on earnings concerns
The yen saw gains Wednesday as investors sought safe investments on concerns that corporate earnings will be down in the United States and after machinery orders dropped 3 percent in Japan in May from April.
At nearly 11:30 a.m. in New York, the yen traded at ¥129.1869 versus the euro and at ¥93.105 to the US […]
July 2, 2009
Euro declines after Trichet comments
Story link: Euro declines after Trichet comments
The euro declined in relation to the US dollar and the yen Thursday after European Central Bank President Jean-Claude Trichet said that economic recover will likely to begin in the region until the middle of next year.
Mr. Trichet’s remarks came on the same day that the ECB held interest rates steady at 1 percent for […]
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