USD, JPY Drift Lower, RBA Cuts 100-bp
USD, JPY Drift Lower, RBA Cuts 100-bp Posted by admin at December 3, 2008 USD, JPY Drift Lower, RBA Cuts 100-bp The dollar relinquished ground against the majors, slipping to 1.2765 versus the euro and near the 0.65-handle against the Aussie. Crude oil extended its losses amid decelerating demand as a result of the sharp slowdown in global economic growth, dropping to its lowest level in 3 ½ years to $46.82. Global equity bourses rebounded in the Tuesday session, prompting currency tr
Original post by Financial News Online