Asian session: The euro traded in the field four months high against the dollar
07.03.2011 11:25:00
The euro traded 0.2 percent from the strongest in four months against the dollar before data that economists said will show investor confidence in the region reached the highest since 2007.
The 17-nation currency touched a six-week high against the pound on speculation European Central Bank President Jean-Claude Trichet will reiterate today that an interest-rate increase may come as early as April.
The yen rose against most of its major peers on speculation Japanese companies bought the currency to bring home overseas earnings before the financial year ends.
Crude in New York reached its strongest level since September 2008 today. South Korea is Asia’s fourth-largest importer of the fuel. In China, the biggest buyer of Korean exports, Premier Wen Jiabao told the annual National People’s Congress in Beijing on March 5 that reining in inflation is the nation’s top priority.
EUR/USD: the pair bargained within the limits of $1,3960-$ 1,4000.
GBP/USD: the pair shown low in the field of $1,6230 then grown.
USD/JPY: the pair decreased in around Y82,10.
Economy Meeting, in Basel.
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