During early New York deals on Friday, the Swiss franc spiked up against major opponents as Asian and European stocks gained. The Swiss central bank on Thursday left the target range for the three-month Libor unchanged at 0%-0.75% and intends to keep the Libor within the lower part of the target range at around 0.25%.
The US currency advanced against the Polish zloty in Friday’s New York morning deals from European session’s 5-week low of 3.0015. At 9:20 am ET, the greenback climbed to 3.0408 versus the zloty, compared to Thursday’s New York session close of 3.0228. At present, the pair is worth 3.0241. The U.S. Labor Department said that
The U.S. dollar showed mixed trading against other major currencies during early European session on Thursday ahead of various economic reports due from U.S. in the upcoming hours. While the dollar plunged to a 5-week low against the euro, it recouped Asian session’s loss against the yen. On the other hand, the dollar showed choppy
The dollar went back on defense versus other currencies Thursday morning, stalling out versus the yen while extending its steep weekly losses versus the euro. On Wednesday, Japanese officials spent two trillion yen buying up dollars in an effort to weaken their surging currency. The impact was short-lived, as the dollar rose sharply in the
The euro surged versus the yen on Wednesday, as Japanese officials finally intervened to stop the rapid rise of their currency. Japan has been reluctant to buy up dollars and de-value to yen, but its strength threatens to devastate Japan’s already sluggish export-driven economy. Finance Minister Yoshihiko Noda confirmed today’s intervention at a news conference
