USD falls against EUR

Last updated: August 3, 2009

Dhaka, Bangladesh (BBN) - The US Dollar (USD) traded at a two month low of 1.4248 against Euro (EUR). Investors shifted towards higher yielding assets on economic recovery expectations, thus reducing demand for the Greenback.

Asian stocks gained, sending the MSCI Asia Pacific Index to 112.59, as Asian financial institutions reported quarterly profits, according to reports.

BBN/SS/SI/AD-03August09-1:01 pm (BST) 

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