Published: Fri, 20 Mar 2009 12:13:51 +0100
Yen Weaker Following Light Session of Economic News
(CEP News) - The JapaneseeYen is weaker on Friday following a quiet session for economic news in the region.
As expected, the U.S. House of Representatives on Thursday passed a motion to impose a 90% surtax on bonuses paid from firms that have received government aid. A similar bill is being discussed in the Senate.EU heads of state are nearing an agreement to double the amount of aid allowed to non-euro zone members and a €5.0 billion stimulus plan for the broader economic union.
The People's Bank of China and Chinese Finance Ministry have unveiled intentions to deposit 20 billion yuan into China's commercial banks for a period of six months.
The Japanese Nikkei closed 26.21 points lower on Friday at 7945.96.
Data taken at 7:06 a.m. EDT
USD/Yen up 0.88 points to 95.41
Euro/Yen up 0.30 points to 129.48
CAD/Yen up 0.67 points to 76.95
By Erik Kevin Franco, efranco@economicnews.ca, edited by Stephen Huebl, shuebl@economicnews.ca
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