AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.04 No Change ▼ 0.00 (0%)
BOP 6.67 No Change ▼ 0.00 (0%)
CNERGY 4.51 No Change ▼ 0.00 (0%)
DCL 8.55 No Change ▼ 0.00 (0%)
DFML 41.44 No Change ▼ 0.00 (0%)
DGKC 86.85 No Change ▼ 0.00 (0%)
FCCL 32.28 No Change ▼ 0.00 (0%)
FFBL 64.80 No Change ▼ 0.00 (0%)
FFL 10.25 No Change ▼ 0.00 (0%)
HUBC 109.57 No Change ▼ 0.00 (0%)
HUMNL 14.68 No Change ▼ 0.00 (0%)
KEL 5.05 No Change ▼ 0.00 (0%)
KOSM 7.46 No Change ▼ 0.00 (0%)
MLCF 41.38 No Change ▼ 0.00 (0%)
NBP 60.41 No Change ▼ 0.00 (0%)
OGDC 190.10 No Change ▼ 0.00 (0%)
PAEL 27.83 No Change ▼ 0.00 (0%)
PIBTL 7.83 No Change ▼ 0.00 (0%)
PPL 150.06 No Change ▼ 0.00 (0%)
PRL 26.88 No Change ▼ 0.00 (0%)
PTC 16.07 No Change ▼ 0.00 (0%)
SEARL 86.00 No Change ▼ 0.00 (0%)
TELE 7.71 No Change ▼ 0.00 (0%)
TOMCL 35.41 No Change ▼ 0.00 (0%)
TPLP 8.12 No Change ▼ 0.00 (0%)
TREET 16.41 No Change ▼ 0.00 (0%)
TRG 53.29 No Change ▼ 0.00 (0%)
UNITY 26.16 No Change ▼ 0.00 (0%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 9,983 Increased By 99.5 (1.01%)
BR30 31,082 Increased By 482 (1.58%)
KSE100 94,099 Increased By 743.5 (0.8%)
KSE30 29,158 Increased By 227.4 (0.79%)

The Australian dollar fell to its lowest level in over three weeks against the yen on Thursday, after the Japanese currency broke a key resistance level that sent it surging against major currencies. A view the US dollar could weaken further sparked the rally in the yen to a 14-year high, a move exacerbated by thin trading. That took a toll on investors' risk appetites, to the detriment of the Aussie.
"It certainly doesn't encourage risk positions to see the yen shooting through like that," said David Scutt, a dealer at Arab Bank. The Aussie fell as far as 79.52 yen, from Wednesday's 81.71. That dragged it down on the US dollar to $0.9223, from the day's high of $0.9324. It could slip further, with some investors unnerved by charts showing the yen may climb more against the US dollar. The next key resistance level is around 84.50.

Copyright Reuters, 2009

Comments

Comments are closed.