Anirban Nag
Reuters
Sept 21, 2011
The dollar fell close to a record low against the yen on Wednesday before a Federal Reserve policy decision and looked unlikely to pare those losses while investors wait to see how the central bank might try to revive the flagging economy.
The yen’s broad rise triggered concerns about fresh intervention from Japanese authorities and kept many investors from pushing it much higher.
The dollar was last down 0.1 percent on the day at 76.32 yen, having fallen as low as 76.11 yen on trading platform EBS, not far from its record trough of 75.94 yen hit in August. There was talk of large dollar bids between 76.20 yen to 76.00 yen, while downside stop-loss orders were cited at 75.90 yen, just under the dollar’s record low.
Analysts said the greenback was unlikely to regain much ground against the yen before the end of the two-day Fed meeting later on Wednesday in which it is widely expected that U.S. central bank will strike a dovish stance.
3 Responses to “Dollar near record lows versus yen as Fed awaited”
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The Federal Reserve is bankrupting the nation… paper money will become worthless… you have to prepare yourself and your family for the financial crisis ahead.
(click on my profile name to go to my blog to see full video)
Quantummonkeybutt Reply:
September 21st, 2011 at 8:05 am
How’s That???
A Nation That Is Literally Ruined For 10,000 Years With Radiation Contamination And Will Soon Start Breeding ‘Golems’ (Or ‘Goylem’; Genetically Deformed Zombies Possessed By Demons)…
And Their Money Is Actually Worth More Than Ours???
What Does That Say About The State Of America Today???
QMB
主な訳語
the sage Reply:
September 21st, 2011 at 3:30 pm
Yes, but you speak of a serious upgrade to the zombies that currently walk the streets.