CHICAGO COMPANIES - FOREX-Yen falls broadly as Citi report boosts stocks - Forbes CHICAGO COMPANIES - FOREX-Yen falls broadly as Citi report boosts stocks - Forbes

Monday, February 23, 2009

CHICAGO COMPANIES - FOREX-Yen falls broadly as Citi report boosts stocks - Forbes

This weighed on the yen in particular, while the dollar also fell against currencies other than the yen as the Citi report encouraged market players to buy back into assets perceived to be higher risk. The euro cut gains against the dollar, however in Stock and Shares News

NEW YORK (Reuters) - The yen fell broadly Monday and neared a three-month low against the dollar amid rising risk appetite on a report that the U.S. government could become a large shareholder of ailing lender Citigroup (nyse: C - news - people in Stock and Shares News

The only way this doesn't lead to a nationalized Citi is if the government lets itself get taken on the share price. Let's pretend that we think Citi is really worth $20 a share. That would be 2.25 billion shares to cover the $45 billion or 1.125 in Stock and Shares News

The dollar gave in the closing hours of last Friday’s trading day on reports a major U.S bank was in talks with the government for funds to recapitalize. The EURUSD traded from 1.2630 levels to a high of 1.2872 as the U.S banking sector had to be in Stock and Shares News

NEW YORK (Dow Jones)--The dollar has moved higher versus the euro after some volatile trading earlier Monday morning with a flight to safety, taking cues from global equities markets. European stocks recently pared gains, undercutting the risk in Stock and Shares News

Central banks in Central and Eastern Europe (CEE) launched a coordinated verbal intervention Monday to try to stop the steep depreciation of currencies in the region, which has hurt the emerging economies and put the brakes on years of fast growth in Stock and Shares News

On Friday, the U.S. dollar fell sharply in volatile trading as investors booked profits on the greenback's gains earlier in the week. The dollar's decline was more technical than fundamental. The reversal began when the euro dipped to USD1.2650, a in Stock and Shares News

Currency you want to convert from Afghanistan Afghani Albanian Lek Algerian Dinar Andorran Franc Andorran Peseta Angolan Kwanza Angolan New Kwanza Argentine Peso Armenian Dram Aruban Florin Australian Dollar Austrian Schilling Azerbaijani Manat in Stock and Shares News

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