FXTrading News – Yen continues to soar 1 September 2010
Wall Street finished overnight flat, following a volatile session that featured positive consumer confidence and housing data, which was countered by a sombre FOMC statement.
The euro exchange rate gained slightly against the greenback but slumped against the yen, which continued its trend of strength.
The pound and Kiwi fell against the yen and the greenback, as did the Australian dollar.
The Australian dollar finished the overnight session down 0.6% to 74.99 yen and slipped 0.1% to 89.06 US cents.