Exchange Rate News Currencies Mixed
Friday night’s international session saw mixed results for higher-risk and safety currencies.
US markets ended mostly lower on Friday, as traders continued to fret over the pace of the US economic recovery followings Thursday’s weak data.
The euro exchange rate lost ground, shedding more than half a percent against the US dollar and the yen after comments by the ECB indicated stimulus measures will remain in place for an extended period.
The pound exchange rate dropped less than half a percent against the safety currencies whilst the Australian dollar finished the session slightly up ahead of the weekend election.
The Australian dollar closed up 0.4% to 76.53 yen, and climbed 0.2% to 89.39 US cents.