According to reports, currencies were pushed around by economic reports coming in from different parts of the world.
, the yen's fall today came as some data showed that Chinese manufacturing expanded for another month. With at least one small indicator in their pocket showing the economic downturn easing in Asia, many investors began looking for riskier investments to plow into.
The euro strengthened a bit after data showed better German retail sales, likely translating into no interest rate movements coming from the European Central Bank tomorrow.
CurrencyShares British Pound Sterling
was gaining 74 cents to come to $165.14 in the morning.
CurrencyShares Japanese Yen
was losing 0.4%, while
was up 0.8%.
PowerShares DB US Dollar Index Bullish
slipped 0.7%, as
PowerShares DB US Dollar Index Bearish
was gaining 0.7% this morning.
Thus, in keeping with the spirit of the Multiplex Index, today's yen slide means a trip to Tokyo is in order. While there, you can experience a bit of the country's looney fever for baseball, too, if you see
The number one movie in the country right now, it's the story of a rag-tag group of high-school ruffians who play baseball and are seeking redemption led by a down-and-out literature teacher.
By most accounts, it sounds a wee bit like
The Bad News Bears
, if those kids grew up to become smokers, fighters and Japanese.
Here's the index...
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