Dollar Rebounds Against Yen in Currency Trading
Dollar/yen moves up in forex trading on the currency marketAfter losing rather dramatically to the yen in currency trading earlier this week, the U.S. dollar is gaining ground again. The dollar is rebounding this morning in currency trading as Japanese stocks recover. The Guardian reports on the dollar/yen recover in forex trading on the currency market:
The dollar, which hit a 2-1⁄2 year low of 105.92 yen on Wednesday, regained some ground as speculators trimmed short positions. It was trading around 107.40 yen on Thursday afternoon.
See Also
- Dollar/Yen in Forex Trading
Currency trading on the FX market
Source : GFT Forex
This entry was posted on Thursday, January 17th, 2008 at 14:55 and is filed under GFT Forex. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Leave a Reply
Forex News
- Forex - Dollar rallied on Wednesday supported by drop in Oil prices and improved confidence in financial sector
- GFT Daily Market Commentary
- GFT Daily Market Commentary
- GFT Daily Market Commentary
- Forex - Forex market believe the worst of the problems in the US financial system are not yet over
- Forex - Dollar ended last week higher after smaller-than-expected loss from Citigroup
- GFT Daily Market Commentary
- GFT Daily Market Commentary
- Forex - Oil prices plunge $5. Financial market turmoil has weighed on Dollar.
- Fxcm Adds High-interest-rate Currency Pairs