11-month high for Euro

Monday, 11 April 2011 11:51

One of the strongest currencies prior to the natural disaster seems to be falling quietly after the G7 intervention almost a month ago.  G7 meeting managed to sustain its main goal of containing the currency's rise, as the yen fell lower against the Aussie currency forex trading

At 123.31 the Euro hit an 11-month high against the Japanese currency, currently trading at 122.44

Comments by the governor of Bank of Japan, Masaaki Shirakawa, included that the economy will be pressured to downscale at the moment but the ease on supply constraints and the output recovery will show growth in export which will most porbably help the economy regain its strength.