In Asian deals on Tuesday, the yen dropped after the Bank of Japan decided to lower its overnight lending rate further to between 0-0.1% from 0.1%, amid widespread concerns the Japanese economy could slump back into recession. The yen plunged to an 11-day low against the franc and a 6-day low against the dollar and
The Japanese yen declined across the board on Monday morning in Asia. The yen slumped to 115.07 against the euro by 9:25 pm ET, the lowest level since May 18. On the downside, the yen may find target around the 125.30 level. The euro-yen pair that closed last week’s deals at 114.83 is presently quoted
The Swiss franc lost ground against its major counterparts in early European trading on Friday following a couple of discouraging economic reports from the region. The franc thus tumbled to a 1-1/2 month low against the euro, 10-day low versus the yen and reversed its previous session’s uptrend against the rest of majors. Swiss retail
During New York morning trading on Thursday, the Canadian dollar advanced against major opponents after the release of Gross Domestic Product or GDP in July. Economic activity in Canada slowed in July for the first time in nearly a year, official data showed today. Real gross domestic product edged down 0.1% in July, the first
During early European deals on Wednesday, the euro strengthened to fresh multi-month highs against its U.S. and U.K. counterparts on the back of a rise in European equities. The euro also climbed to a 12-day high against the franc and hovered near a 2-month high against the yen. European stocks opened higher today as most
