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

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