In this thread i would like to share Daily update on Analysis for the day,economic events,interest rates data etc for currencies and pairs.
26th February,09 Thursday
YEN Vs USD
The yen fell to a three-month low against the dollar before reports this week that may add to evidence Japan’s recession is deepening, reducing the appeal of its currency as a refuge from the global financial turmoil. The yen fell to 97.92 against the dollar as of 12:52 p.m. in Tokyo from 97.39 yen late in New York yesterday. It reached 97.94 today, the weakest level since Nov. 14.
YEN Vs EURO
Japan’s currency also weakened versus the euro before data tomorrow that analysts say will show unemployment has risen to a three-year high and consumer prices have fallen for the first time since September 2007. It dropped to 124.67 per euro from 123.92 yesterday, when it touched 125.15, the lowest since Jan. 9.
U.S. DOLLAR
The dollar gained for a fourth day against the yen ahead of a U.S. report that may show durable goods orders fell, spurring demand for the world’s reserve currency. The dollar traded at $1.2733 per euro from $1.2723 in New York yesterday. It slipped to $1.4253 versus the British pound from $1.4201, and traded at 1.1701 Swiss francs from 1.1699.
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