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(CEP News) The Yen is up against majors on a day with Japanese markets closed for holidays and major U.S. financial institutions in trouble. The Wall Street Journal reported that the "American financial system was shaken to its core."
Lehman Brothers was reported to be facing bankruptcy Sunday night, while Merrill Lynch & Co. was closing a deal to sell itself to Bank of America. The U.S. dollar was down 2.02 to 105.93 against the yen. The Canadian dollar was down 1.870 points to 99.9525 against the yen. The euro was down 1.06 points to 152.43 against the yen. All data taken at 10:37 p.m. EDT Generated by CEP Newswires CEP Newswires - CEP News © 2008. All Rights Reserved. www.economicnews.ca The Copying, Broadcast, Republication or Redistribution of CEP News Content is Expressly Prohibited Without the Prior Written Consent of CEP News. A copy of CEP News disclaimer can be found at http://www.economicnews.ca/cepnews/wire/disclaimer. |
