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The Federal Reserve interest rate hikes has affected the US dollar in interests on bonds against the yen and euro.
The Thomson Financial has already made a statement about the dollars that it is higher for the last 4 ½ years against Japan’s yen which climb to 123.67 before returning to 123.61.
The greenback exceeds the level of December 2002 at 123.13 Japanese yen, then it rise to 123.73 last Monday.
There was a fall in the late New York trading, and early next day there is an unexpected increase in producers’ prices at Germany.
The British pound is stronger than the US dollar, it increase from $1.9869 to $1.9929 as shown by the Bank of England’s Monetary Policy Committee meeting.
The US interest rates hikes was restored on Wednesday after a soaring interests of US bonds.
The treasury notes interest had increased to 5.15% in the later afternoon last Tuesday. To avoid the increase in the price of commodities a better solution is a higher interest rates this can further strengthen the currency.
The interest rates last week had surge to 5% last summer, they return recently before the Wednesday’s spike.
14:49
Posted on Jun-21-2007
