FX News – Stress test results favour riskier currencies 26 July 2010
Friday night’s international currency session saw favour for higher-risk currencies, as the market largely anticipated a satisfactory result from the European banks stress tests.
The euro gained more than half a percent against the yen, but managed only a small gain against the greenback.
The pound was robust, putting on more than 1% against the yen and the US dollar.
The Australian dollar exchange rate finished the session up 0.8% to 78.33 yen and rose 0.3% to 89.57 US cents.