Thursday, July 5, 2007

Euro Falls From Record Against Yen as ECB Leaves Interest Rate Unchanged

(Bloomberg) -- The euro fell from an all-time high
against the yen after the European Central Bank kept borrowing
costs unchanged.

The common currency also fell against the dollar after
policy makers left the benchmark interest rate at a six-year high
of 4 percent, as forecast. ``Our monetary policy is still on the
accommodative side,'' ECB President Jean-Claude Trichet said at a
press conference after the decision.


Read more at Bloomberg Currencies News

No comments: