5 October 2001, 11:33 FX Markets Becalmed Ahead of G7, Holidays
Asian currency markets
traded narrow ranges in thin trade Friday, as dealers squared their
books ahead of the weekend meeting of G7 finance ministers and public
holidays in the US and Japan Monday. The yen was little moved against
the dollar, trading close to Y120.50 for most of the sessio. However,
Japanese names were seen as buyers of euro-yen, helping the pair to a
high of Y110.80. The buying of euro-yen helped the euro gain slightly on
the dollar, trading up around 20 pips to $0.9193. The Aussie dollar was
little changed on confirmation of the date for the general election,
trading at $0.5010. //MarketNews
© 1999-2024 Forex EuroClub
All rights reserved