JPY drops against Euro

Dhaka, Bangladesh (BBN) – The Japanese Yen (JPY) declined to 133.70 against Euro (EUR). Reports exhibited high production figures for Japanese manufacturers which sapped demand for safer assets.

Meanwhile, US stocks dropped, sending the Dow Jones Industrial Average to 9,050.69, on conjecture that surge in equities has outpaced the economy.

European shares advanced, sending the Dow Jones Stoxx 600 Index to 220.37, after earnings of Akzo Nobel, the world’s largest maker of coatings and paints, beat projections, according to reports.

BBN/SS/SI/AD-30July09-11:53 am (BST) 

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