PHILADELPHIA COMPANIES - FOREX-Dollar, yen rise as stocks tumble - Reuters UK PHILADELPHIA COMPANIES - FOREX-Dollar, yen rise as stocks tumble - Reuters UK

Friday, February 20, 2009

PHILADELPHIA COMPANIES - FOREX-Dollar, yen rise as stocks tumble - Reuters UK

LONDON, Feb 20 (Reuters) - The dollar and the yen rose on Friday as growing global economic and banking sector woes drove investors into currencies seen as safe havens, while grim euro zone data added to negative sentiment on the euro. The euro gave in BUSINESS NEWS >

MUMBAI: The country’s foreign exchange (forex) reserves fell by $1.8 billion, partly due to repatriation of funds by foreign institutional investors (FIIs). Forex reserves fell below the $250 billion to $249.7 billion in the week ended February 13 in BUSINESS NEWS >

MEXICO CITY, Feb 20 (Reuters) - Mexico's central bank intervened in the foreign exchange market on Friday, offering dollars directly to dealers after the peso hit a record low against the dollar, foreign exchange traders said. "I'm being told this in BUSINESS NEWS >

NEW YORK, Feb 20 (Reuters) - The dollar fell across the board on Friday as investors sought to lock in the currency's steep gains ahead of the weekend amid growing uncertainty about the prospect of U.S. bank nationalization. The euro surged above $1 in BUSINESS NEWS >

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