Dhaka, Bangladesh (BBN)- The Euro (EUR) dropped to 134.84 against the Japanese Yen (JPY) as a decline in US consumer confidence dampened investor appetite for riskier currencies.
US stocks retreated on unexpected decline of consumer confidence after analysts forecasted lower profit for US retail and financial firms, according to reports.
BBN/SS/SI/AD-16August09-1:20 pm (BST)