Wednesday, January 7, 2009

Andy Warhol Camouflage orange yellow blue

The euro bought about $1.44, retreating from a peak near $1.4440, and 164.80 yen, off Monday's high at about 165.50 yen.
Against the Japanese unit, the dollar fetched 114.48 yen, slightly below late New York levels.
"With the market seeing a 25 basis point rate cut by the Fed this week as a done deal, players feel comfortable selling the dollar," said a trader at a big Japanese bank.the MSCI index climbed 2.5 percent to a second straight record closing high, bringing total gains this year to 48 percent -- more than triple the gains for MSCI's main world equity index.
EARNINGS EYEDmajor currencies as investors held their fire
Safe-haven government bonds were little changed ahead of the Fed meeting, with the yield on the benchmark Japanese 10-year bonds up just half a tick at 1.61

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