Friday, June 15, 2007

Yen at 4-1/2 year low vs dollar; US CPI eyed

(Reuters) - The yen hit a 4-1/2 year low versus the dollar and a 15-year trough against sterling on Friday after the Bank of Japan left interest rates on hold and gave limited guidance on future tightening.

The dollar was broadly firmer as investors expected U.S. inflation data could boost the view the next move from the Federal Reserve on rates would be up rather than down.


Read more at Reuters Africa

No comments: