4/2/2008 12:29:44 PM Increased risk appetite drove the euro to a monthly high versus the yen Wednesday morning, and the single currency is now within hailing distance of its highest level in over two months. The euro jumped to 160.56 from an early level near 159. A move above 161.39 would bring the euro to its best since January 14.Forex - US Dollar Falls To 1-week Low Against Brazilian Real [USD/BRL]4/2/2008 12:06:19 PM During early New York trading on Wednesday, the US currency weakened against its Brazilian counterpart. After moving sideways, the dollar ticked down around 8:15 am ET against the real and touched a 6-day low of 1.7255 by about 12:00 pm ET. According to a report released by the Department of Commerce on Wednesday, the new orders for manufactured goods fell 1.3 percent in February following a revised 2.3 percent decrease in January. Forex - Japanese Yen Declines Further Against Majors [USD/JPY]4/2/2008 11:41:27 AM The Japanese currency declined further against its major counterparts during early New York trading on Wednesday. Currently, the yen is trading near 101.27 versus the franc, 102.78 against the greenback, 203.77 against the pound, 160.50 versus the euro and 100.98 against the loonie.
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