EUR, GBP gain against USD

Dhaka, Bangladesh (BBN) – The European currency (EUR) rose against the US Dollar (USD) with the improvement in German business confidence. EUR traded at a high of 1.5046 against the Greenback.

The British Pound (GBP) advanced against the USD as evidence of a global economic recovery dampened demand for the Greenback as a safe haven. GBP rose to 1.6626 against the USD, according to reports.  

The Japanese Yen (JPY) slid against the EUR after a Finance Ministry report showed Japan’s shipments abroad fell 30.7 percent in September from a year ago. JPY fell to 136.71 against the EUR.

BBN/SS/SI/AD-22October09-1:26 pm (BST) 

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