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Yen Gains to 15-Year High as Bank of Japan Maintains Stance; Euro Declines
The yen reached a 15-year high versus the U.S. dollar as the Bank of Japan refrained from announcing a fresh increase to bank loans at its policy meeting.
Euro May Rise to One-Month High on Retracement Breach: Technical Analysis
The euro may rise to a one-month high against the dollar after climbing above major resistance levels at $1.2839 and $1.2873, according to Pak Lai Ng , a technical analyst at Forecast Pte, citing trading patterns.
Yen Rally Gets No Relief as Traders Bet on Bernanke Easing
Growing pressure on the Federal Reserve to print more money to bolster the U.S. economy will likely boost the yen and franc just as the Japanese and Swiss governments seek weaker currencies, if history is a guide.
Pound Strengthens Versus Euro as Gilts' Gains Show Bond Demand Holding Up
U.K. gilts rose as a drop in Greek, Irish and Portuguese bonds on concern euro-region banks will struggle to raise enough capital spurred demand for the safest fixed-income assets.
Euro Falls on Concern at Health of European Banks; Australian Dollar Drops
The euro slid the most in more than two weeks against the dollar as weaker German factory orders and concern that government-bond assets will hinder European banks’ fiscal health undermined the outlook for economic growth.
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