4 September 2001, 10:29 Yen Gives Up Ground On Short-Covering In Thin Trade
The yen gave up recent gains against both the dollar and the euro in thin,
post-holiday trade Tuesday. Further verbal intervention was reported
from Japanese officials, but traders are now playing down the
significance. The euro fell sharply against the dollar in late Asian
trade, with dealers still pointing to the sell-off in European telco's
weighing on euro sentiment.
© 1999-2024 Forex EuroClub
All rights reserved