Market Turmoil Sends JPY Soaring |
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9/15/2008 10:00 pm: EUR/$..1.4226 $/JPY..104.24 GBP/$..1.7944 $/CHF..1.1128 AUD/$..0.7896 $/CAD..1.0700 Market Turmoil Sends JPY Soaring Heightened risk aversion dominated the markets at the start of the week amid a fresh bout of turmoil in the financial sector. The combination of Lehman Brothers filing for Chapter 11 bankruptcy, Merrill Lynch being acquired by Bank of America and fears of AIG teetering near the brink sent ripples through the major equity bourses with the Dow Jones plummeting
Filed under: Fundamental
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