US Constitution and Flag

US Constitution and Flag
A voice for the people bringing HOT political news not found in the mainstream media, financial news not found in the mainstream media, and YES all my favorite conspiracies not found in the mainstream media! With some music and sports sprinkled in for some culture hahahahhaha...

Sunday, September 26, 2010

Dollar on skids

Dollar on skids after Fed, market eyes Japan---Dollar drops to lowest since Japan intervened last week.

TOKYO, Sept 22 (Reuters) - The dollar fell on Wednesday to its weakest level on the yen since Japan intervened last week after the Federal Reserve signalled it was ready to stimulate the economy more, raising expectations it would print more dollars.

The dollar hit its lowest in seven weeks against the euro and a basket of currencies, and fell below 85.00 yen JPY=, which spurred speculation Japanese authorities may intervene to curb yen gains after they resumed yen-selling for the first time since 2004 last week.

The 85.00 yen level has been regarded as a potential trigger for intervention but authorities were so far not seen in the market on Wednesday.

http://www.reuters.com/article/idUSTOE66Q00F20100922?bcsi_scan_24DE46460B4E2EF0=XkJOPN9AYmXIo9ksmnQp7zNKLeEcAAAAOyOtEA==

No comments:

Post a Comment