currencies .....dollar , yen & euro
Rise in US unemployment rate to 10.2 percent took dollar lower afrer Federal Reserve may keep borrowing rates till next year. David Tien, a money manager at Fischer Francis Trees & Watts in New York, said:"Near-term, it adds to the uncertainty of the recovery, but it also reinforces how much longer we are going to need lower rates. It solidifies the outlook for plentiful liquidity going into the middle of next year.”
The dollar decreased 0.9 percent to 89.93 yen. The euro fell 1.1 percent to 133.44 yen. The dollar traded at $1.4838 per euro.
|
Linear Mode
