Tuesday, April 29, 2008

Currencies

USD/JPY YEN: some amount of (---) yen buys 1 dollar.
104.20
in this case, 104.20 yen buys 1 dollar, I sense some inflation may be taking place in japan, and not just on our home front.

Euro/USD, Euro: some amount of (---) dollars buys 1 euro.
1.5655
in this case; 1.5655 dollars buys 1 euro; many would like to see the euro/usd exchange rate closer to 1.30, which would mean the dollar would need to appreciate against the euro.
Euro all time high against the dollar is just over 1.60.

USD/CHF; Swiss Franc: some amount of (---) francs buys 1 dollar.
1.0339
in this case, 1.0339 francs buy 1 dollar; the dollar is worth more, but not necessarily more valuable.


European markets closing prices
DAX: -0.58%
CAC: -0.71%
FTSE: -0.02%

this information is as of 1:00 pm eastern time and is not guaranteed, use at U R own risk.

MPM

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