Oliver Biggadike and Ye Xie
Thursday, Sept 17th, 2009
“We are in an environment that is constructive for growth,” said Lauren Rosborough, a currency strategist in London at Westpac Banking Corp. “It is positive for high- yielding, high-beta currencies. We are seeing evidence that cash is moving out of banks.”
The dollar changed hands at $1.4713 per euro at 6:04 a.m. in Tokyo, after trading yesterday at $1.4737, the weakest level since Sept. 25, 2008. The yen was at 90.93 per dollar and touched 90.13, the strongest level since Feb. 12. Japan’s currency fetched 133.78 per euro.
This article was posted: Thursday, September 17, 2009 at 9:46 am