
In Online Forex Trading: The euro changed at $1.4254 at 6:02 a.m. in Tokyo, after rising 0.6 percent to $1.4348 yesterday. The yen traded at 132.02 versus the euro, following a 0.4 percent decline. The dollar fetched 92.63 yen, appreciating 0.5 percent.
The Canadian currency, as always influenced by commoditie prices, advanced 0.2 percent to C$1.1026 per U.S. dollar at 4:35 p.m. in Toronto, compared with C$1.1051 yesterday, when it touched C$1.1103, the weakest since Aug. 19. It gained as much as 0.8 percent earlier today.
Mr. Jean-Claude Trichet “European Central Bank President” said that the Euro may decline versus the dollar because economic recovery will be “bumpy” and kept the target lending rate at a record low of 1 percent, as we mentioned yesterday. Trichet said policy makers have no plans to increase the rate banks are charged at the unlimited auctions of 12-month funds. In the U.S., the Federal Reserve signaled in minutes published on Sept. 2 that it’s trying to prepare investors for an end to some of its asset purchases.
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