Bloomberg (19/3) - The yen weakened
for the first time in four days against the dollar before a change of
leadership at the Bank of Japan tomorrow amid expectations for expanded
monetary easing.
The Japanese currency declined versus most of
its major peers as Asian stocks rebounded from yesterday’s biggest drop
in more than seven months. The euro fell for a second day versus the
dollar after media reports said Cyprus’s parliament will not approve a
bank-deposit levy to help fund the nation’s bailout. New Zealand’s
currency weakened after Finance Minister Bill English called the
currency overvalued.
The yen fell 0.2 percent to 95.36 per
dollar at 8:08 a.m. in London. It was little changed at 123.39 per euro.
It touched 121.15 yesterday, the strongest level since March 5. The
euro slipped 0.2 percent at $1.2942 after dropping as much as 1.5
percent to $1.2882 yesterday, the least since Dec. 10.
http://www.bloomberg.com/news/2013-03-18/euro-trades-near-year-low-before-cyprus-votes-on-deposits.html
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