Dhaka, Bangladesh (BBN) – The British Pound (GBP) fell for the fifth day against the US dollar (USD) and weakened for the fourth straight sessions against the Euro (EUR).
GBP slid to 1.6097 against the USD in its longest loosing streak since the five days ended April 10. However, GBP was seen trading above 1.6250 after the Bank of England (BoE) interest rate decision on Thursday.
The Japanese Yen (JPY) continued to strengthen through most of the week on falling Asian stocks and an unexpected decline in Japanese machinery orders. JPY reached 91.81 against the USD, the strongest level since February 17 and traded at six-week high of 127.02 against the EUR, according to reports.
Towards the end of the week JPY fell against EUR and USD, reversing earlier gains, as an advance in Asian stocks spurred investors to buy higher-yielding assets.
The Australian Dollar (AUD) rose from near a seven-week low against the JPY after a government report showed the nation’s jobless rate rose less than expected last month. AUD dropped to 70.96 against the JPY, the weakest level since May 18.
BBN/SS/SI/AD-11July09-4:07 pm (BST)