Market update: JPY falls against Euro

Last updated: June 11, 2009

Dhaka, Bangladesh (BBN)- US markets fell on falling Treasury yields and rising commodity prices, as fears over inflation and higher borrowing costs affecting the pace of recovery swept markets.

The Dow lost 24 points to 8,739.02 while the NASDAQ declined slightly to 1,853.08, according to reports.

A second consecutive monthly expansion in manufacturing and a one week high on the benchmark FTSE saw the Pound (GBP) gain to 0.8549 against the Euro (EUR), the highest this year.

The Yen (JPY) fell against the Euro (EUR) as confidence in recovery saw rising demand for higher yields. EUR rose to 137.54 against JPY.

BBN/SS/SI/AD-11June09-3:26 pm (BST)

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