The yen fell against high-yield currencies, such as the increase in European and Asian stocks encouraged investors in the carry trades. The dollar reached the highest compared to 114.46 yen, the euro rose to about 100 pips 164.87.
The euro rose to a new high of all times to 0.7288 against the British pound on concern that the economy is slowing down and the Bank of England may continue to cut interest rates next year. In contrast, the European Central Bank is able to keep rates unchanged in 2008.
Foreign Exchange trading volume today is reduced to about a quarter of normal levels because of the holiday in Japan and the Christmas eve in the United States, Canada and European countries.
The euro rose to a new high of all times to 0.7288 against the British pound on concern that the economy is slowing down and the Bank of England may continue to cut interest rates next year. In contrast, the European Central Bank is able to keep rates unchanged in 2008.
Foreign Exchange trading volume today is reduced to about a quarter of normal levels because of the holiday in Japan and the Christmas eve in the United States, Canada and European countries.
Tidak ada komentar:
Posting Komentar