Well, surprie, surprise...
Dollar Falls Sharply in Asian Trading: Financial News - Yahoo! Finance:
"TOKYO (AP) -- The dollar fell sharply against the euro and yen in Asia Monday on a media report suggesting that China might reduce its purchases of U.S. Treasury holdings, and amid speculation that U.S. interest rates may have peaked.
The U.S. dollar fell as low as 118 yen at one point before trading at 118.28 yen in Tokyo midafternoon, down 0.36 yen from late Friday in New York. The euro rose to $1.2178 from US$1.2108.
Cheng Siwei, vice chairman of the Standing Committee of the National People's Congress, was quoted in a Chinese state-owned newspaper Monday as saying that China should cut the amount of U.S. Treasury bonds it buys."
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment