As reported at 12:29 p.m. (JST) on March 26, 2009 in Tokyo, the U.S. Dollar rose against the Japanese Yen, rebounding from lows hit following U.S. Treasury Secretary’s comments that he was open to the idea of more extensive use of the IMF’s Special Drawing Rights.
Initially, investors interpreted Treasury Secretary Geithner’s remarks as an approval of China's proposal to eventually replace the U.S. Dollar with the IMF’s SDRs as the world's primary reserve currency. These developments pushed the U.S. Dollar lower against the Japanese Yen and the Euro yesterday, although it rebounded after Secretary Geithner said the U.S. Dollar will maintain its status as the main reserve currency for quiet some time.
The U.S. Dollar rose by 0.3% from late trading in New York against the Japanese Yen and traded at 97.80 Yen. The Euro dipped by 0.2% against the U.S. Dollar and traded at $1.3552. Against the Japanese Yen, the Euro was stable at 132.53 Yen, having retreated from 134.50 Yen, a 5-month high, touche don earlier this week. Versus the Japanese Yen, the New Zealand Dollar improved 0.8% and traded at 55.66 Yen, while the Australian Dollar was up by 0.4% against the Japanese Yen and traded at 68.38 Yen.
.png "DailyForex logo")
Forex Trading Reviews & News 
| Top Online Forex Brokers | |||
| 1 |
 |
FOREX | Review |
| 2 |
 |
FXCM | Review |
| 3 |
 |
FX Renew | Review |
| 4 |
 |
eToro USA | Review |
| 5 |
 |
Zecco | Review |
| Read More Forex Broker Reviews | |||
FX BONUSES & PROMOTIONS
 | |
 | |
 | |
See All Bonuses
| |
Live FX Rates
| Symbol | Change | High | Low |
|---|
| EUR/USD | 0.0085 | 1.2623 | 1.2562 |
|---|---|---|---|
| AUD/USD | 0.0112 | 0.9879 | 0.9799 |
| EUR/GBP | 0.0038 | 0.8036 | 0.801 |
| EUR/JPY | 0.36 | 100.21 | 99.81 |
| GBP/USD | 0.0038 | 1.5716 | 1.5678 |
| USD/CAD | -0.0055 | 1.0271 | 1.0238 |
| USD/CHF | -0.0052 | 0.957 | 0.9532 |
| USD/JPY | -0.28 | 79.73 | 79.35 |
Daily Forex Trader's Corner
Free Forex Trading Courses
DailyForex has teamed up with Online Trading Academy to provide you with 3 e-courses for FREE! Valued at $150, these courses focus on Technical Analysis, Trading Basics and Risk Management.
