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barbara

European FX fall against YEN and Dollar

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Hey guys, how are you doing. I'm happy cause I will soon take an entire week off, I really need it after working almost 3 years straight. B)

Currency trading was subdued Monday with US markets closed for President's Day. Dollar and the Yen

gained on heightened risk aversion as concern intensifies about a global recession. Demand for the pound was weak. Sterling also fell on concern that a report out Tuesday would show inflation slowed as economic deterioration continues. The euro remained under pressure on concern about the Euro zone's exposure to banking problems in Eastern Europe. The pound weakened 0.8 percent to $1.4246.

Cheers!

Barbie :P

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