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Yen currency exchange rate strengthenedThe currency exchange rate of the yen has surprisingly strengthened despite the catastrophic consequences of the recent earthquake and tsunami. Chris Towner, director of FX advisory services at HiFX, said that the trading environment in the foreign ... read more
Forex Trading and Currency Exchange Rates – Futures Higher and Dollar Gains
Throughout the day the US currency continued to gain against the yen (see intra-day chart below). The dollar was up another 3.36 percent against the yen and fell another 0.42 percent against the euro and 1.30 percent against the Australian dollar. ... read more
FACTBOX-How ECB currency intervention works
[ID:nWEA9460] Below is a factbox on how ECB currency interventions work and details of the central bank's previous interventions. * The ECB can intervene in the foreign exchange markets without prior authority from euro zone or EU finance ministers. ... read more
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