Dollar rises broadly as Dubai debt woes boosts demand for safe-haven asset - Nov 27

27 November 2009 @ 05:40 pm EDT

The greenback strengthened against most of its counterparts on Friday as investors cut risk exposure amid concerns of a possible Dubai debt default. Although the dollar nose-dived against the Japanese yen to a 14-year low at 84.82 in Australian trading, the pair then rebounded strongly at Tokeyo opening after Japan Finance Minister Fujii said that he was flexible about contacting with the currency authorities in the U.S. and Europe in response to the yen’s recent surge. Usd/jpy later rallied to 87.02, eur/jpy jumped from 126.95 to 130.16, gpb/jpy surged from 139.33 to 143.48 while aud/jpy rose from 76.58 to 79.18 in New York morning.

For more forex information, go to www.acetraderfx.com

E-Newsletters

We value your privacy. Your email address will not be shared.

Home
World
US
Economy
Companies
Tech
Science
Global Markets
Education
Real Estate
Forex
Commodities
Gold & Silver Matters
More Sections
Fashion
Auto
Travel
Health
Law
Entertainment
Sports
Luxury
Art
Books
Tech & Trend
Tools & Features
Topics
Blogs
Market Data
Stock Watch List
Investment Calculator
Financial Glossary
Broker Center
World Business Headlines
Updates
RSS Feeds
IBTimes on Twitter
IBTimes on Facebook
E-Newsletters
Services
Forex Newsfeed
Research
Press Release
About IBTimes
News Licensing
Media Kit
Advertise with Us
About IBTimes
Contact Us
Terms of Service
Privacy Policy