Dhaka, Bangladesh (BBN) – The Japanese Yen (JPY) rose broadly after selected Chinese banks were ordered to raise their reserve ratios, effective from Tuesday.
The US Dollar (USD) fell by 0.2 percent to JPY 90.10 on Asia morning trading session. The Euro (EUR) dropped against the USD to hover around 1.4110 levels, according to reports.
US stocks rose on optimism about Ben Bernanke’s second term as chairman of the Federal Reserve. The Dow Jones Industrial Index increased by 23.88 points or 0.23 percent and ended at 10,196.86. The Nasdaq Composite Index went up by 5.51 points or 0.25 percent and finished at 2,210.80.
BBN/SS/SI/AD-26January10-12:57 pm (BST)
