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G7 reported concern about sharp fluctuations in major currencies

The Yen rose broadly on Friday after a fall in quarterly earnings for General Electric stoked fears about the health of the US economy, causing investors to close riskier assets. US stock markets fell more than 2% Friday, dragging the Dollar lower against the low-yielding Japanese Yen and Swiss franc. Analysts said news that General Electric reported a 6% drop in profits, along with data showing…

Original post by Jean-Claude Braha

This entry was posted on Sunday, April 13th, 2008 at 6:00 pm and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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