The yen dropped to a one week low against the dollar after government data showed Japan carried out so called stealth intervention to weaken it in November. Japan’s currency fell versus all but one of its major peers after the Ministry of Finance indicated the nation sold over 1 trillion yen against the dollar on the first four days of November.
The Australian dollar surged to the highest in six months after Reserve Bank policy makers unexpectedly left interest rates unchanged and signalled optimism global economic growth will strengthen.
The pound has gained less against the euro during bouts of risk aversion which signals its safe haven appeal has started to wane. The United Kingdom has fallen back into recession and will grow less than previously forecast.
Today's Opening Rates (Mid-Rate) (as at 08:30 E.D.T.)
| EUR/USD | 1.3145 | NZD/USD | .8319 | USD/JPY | 76.67 | EUR/GBP | .8278 |
| GBP/USD | 1.5789 | USD/PLN | 3.1858 | USD/CHF | .9198 | USD/MXN | 12.7052 |
| USD/CAD | 1.0002 | USD/DKK | 5.6652 | AUD/USD | 1.0795 | USD/SEK | 6.7234 |
Equity Indices (as at 08:30 E.D.T.)
| I n d i c e s | Dow | 12,845 | FTSE | 5,859 | ISEQ |
| 3,072 | Nikkei | 8,917 | Nasdaq | 2,901 | undefined |
Indicative Opening Deposit Rates
| Time Period |
$ Deposit |
Euro Deposit |
| 1 week |
0.85 |
0.95 |
| 2 week |
0.85 |
1.00 |
| 3 week |
1.00 |
1.05 |
| 1 month |
1.15 |
1.10 |
| 2 month |
1.35 |
1.15 |
| 3 month |
1.60 |
1.30 |
| 6 month |
2.15 |
1.50 |
| 9 month |
2.35 |
1.65 |
| 12 month |
2.50 |
1.70 |
This week we will feature
• Economic Indicators
• Euro Land
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Treasury@aibny.com
