Dollar and euro takeover market trading, yen gains on trade data

2013-09-19 04:20:25

(MENAFN– ecpulse)

The dollar and euro were at top of the currency trading list after the FOMC surprise to refrain from reducing its $85 billion of monthly bond buying as it sees the U.S. economy needs better recovery.

Also, policymakers in the European Central Bank stated next year’s balance-sheet reviews should be carefully timed as investors could be sparked, as the ECB comes closer to taking over supervision of all euro-area lenders in 2014.

The EUR/USD rose early Thursday to a third straight session, logging its highest at 1.35311 after hitting the low at 1.35166. The EUR/USD began today`s session at 1.35229.

Separately, the Japanese yen gained notably versus major currencies after data showed the trade balance deficit narrowed, having the EUR/JPY declined to a low of 132.568 from high a of 132.863.

The yen also rose versus the greenback for the second day, where the USD/JPY pair fell to a low of 97.977 from a high of 98.272, while the pair started today’s session at 98.175.

Opening this session at 158.377, the GBP/JPY fell significantly to a low at 158.167 from the highest at 158.508.

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.