World Currencies continue to rise thanks to Iraq
World Currencies continue to rise thanks to Iraq
06/21/2014 (00:01 pm)
Baghdad / term
The yen rose and the Swiss franc, with the Japanese currency touched its highest level in four months against the euro, as investors sought a safe haven amid escalating violence in Iraq and the conflict between Russia and Ukraine concerning gas. And exceeded GBP $ 1.70 for the first time in 5 years, as investors bet that the Bank of England will tighten its monetary policy before the end of the year.
According to Reuters, the dollar fell with traders eye indications from the Federal Reserve (the U.S. central bank) on the timing of raising interest rates, amid doubts about the economic recovery.
dollar fell 0.23 percent to 101.82 yen at the minimum range of moves during this month.
while the euro dropping to its lowest level in four months against the yen, before recovering to trade the U.S., to being traded at 138.16 yen, and the wisest Sunni militants in the last week, their control over northern Iraq in an attempt to overthrow the government, which is dominated by Shiites.
, and Russia reduced its supplies of gas to Ukraine, amid a row regarding dues not paid by Kiev, which could disrupt supplies to the rest of Europe. The decline in both the dollar and the euro against the Swiss franc, a safe haven last being passed around at 0.8975 francs and 1.2179 francs respectively.
dollar fell against most major currencies, the euro rose 0.2 percent against the dollar to 1.3569 dollars, which is higher than the lowest level in Four months 1.3503 dollars struck this month, when he announced the European Central Bank to facilitate its monetary policy.
scored sterling, which has received support from hard-line policy of the Bank of England, 1.7011 dollars at its highest level since August 2009, before falling back to 1.6978 dollars in trading U.S.. The euro dropped to 79.59 pence against the pound sterling, hitting the lowest level since November 2012, before rising to 79.91 pence. (End)
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