The UK's sterling staged a sharp slide against its major rivals on Wednesday morning in Asia. The pound fell to new multi-year lows of 1.6512 against the US dollar and 165.43 against the Japanese yen by 8:00 pm ET, compared to yesterday's closing values of 1.6708 and 167.36, respectively.
dollar yenPound Drops To New Multi-Year Lows Against Dollar & YenDigg - Business & Finance Wed, 10/22/2008 - 05:50
Japan announces dollar-yen swap deal with FedNewsvine - business Thu, 09/18/2008 - 02:49
Japan's central bank agreed with the U.S. Federal Reserve Thursday to work together to swap dollars and yen as the Bank of Japan pumped more cash into financial markets amid worries about the collapse of Lehman Brothers. |
