Tuesday, June 19, 2007

Euro Falls From All-Time High Versus Yen on Declining German Confidence

(Bloomberg) -- The euro fell from an all-time high
against the yen after a report showed investor confidence in
Germany unexpectedly declined.

The euro weakened for the first time in a week versus the
Japanese currency as optimism regarding Europe's economy waned
among analysts. The dollar accelerated its decline against the
yen after a government report showed U.S. housing starts last
month fell while building permits increased.


Read more at Bloomberg Currencies News

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