Exchange Rate News, Growth concerns weigh on risk currencies 11 August 2010
The yen was in demand as a safety currency overnight after the Federal Reserve hinted at a slow US recovery, and ahead of reports showing sluggish UK consumer confidence.
The euro and pound exchange rate fell to just below 1% against the yen and shed short of half a percent against the greenback.
The Australian dollar let go of 0.9% to 78.06 yen and slipped 0.3% to 91.36 US cents.
The Kiwi exchange rate also fell, dropping slightly more than the Australian dollar on local and global economic growth concerns.