Exchange Rate Moves and Currency News

Activity in the foreign exchange market

Monday, August 21, 2006

Euro Pushes to New All-Time High Against Yen

EUR/JPY pushes up 160 pips since Friday morning (100 pips this morning) to 149.73, making a new all-time high. Most currencies rallied against the dollar, but the Bank of Japan said it will move slowly before hiking rates again. This along with rising oil costs keep the Yen down.