Friday, December 12, 2008

Forex rates


The Japanese Yen roared higher in overnight trading as the US Senate failed pass a vote that would have led to a decision on a bailout plan for America’s top three automakers. Japanese Yen Soars to 13-Year High against the US Dollar.The Euro posted its best single-week performance in eight years, as an outright tumble in the US dollar left the Euro Zone currency as the prime beneficiary of a turn in market sentiment. Currency traders seemingly lost their patience with the US dollar, opting to sell the American currency on dismal developments out of the US economy.

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