Market update: JPY falls against Euro

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)

No Subscription? You Are Missing Out!

Join the business leaders of Bangladesh who rely on BBN's original reporting and in-depth analysis on business scenario of the country. We send only one daily email. No Spam Guaranteed!

Your Name (optional)

Your Email (Required) *

Subscribe

Please check your email and confirm your subscription