Published: Sat, 21 Feb 2009 18:52:00 +0100
U.S. Dollar Falls on All Major Crosses
(CEP News) The foreign exchange market focused on country-specific themes instead of risk appetite on Friday and the U.S. dollar was broadly punished on fears about the U.S. financial system.
The U.S. dollar was down 0.98 to 93.22 against the yen and the Dollar Index was down 0.951 to 86.488.The Canadian dollar was up 0.0037 to 0.7996 against the U.S. dollar (1.2508 USD/CAD) and down 0.34 to 74.53 against the yen.
The euro was up 0.0172 to 1.2846 against the U.S. dollar, up 0.0125 to 1.6066 against the Canadian dollar, up 0.0023 to 0.8889 against the pound sterling and was higher by 0.37 to 119.74 against the yen.
The pound sterling was up 0.0158 to 1.4452 against the U.S. dollar and up 0.0094 to 1.8076 against the Canadian dollar.
All data taken at 4:38 p.m. EST.
By Adam Button, abutton@economicnews.ca, edited by Sarah Sussman, ssussman@economicnews.ca
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