WSJ: WORLD FOREX: Dollar Weaker, Yen At Post-Intervention High Before ECB
SINGAPORE (Dow Jones)--The dollar was broadly weaker in holiday-thinned Asia trade Thursday, with the yen ticking to its highest levels since Japan's March intervention as investors awaited a rate decision from the European Central Bank.
The euro, caught between a hawkish ECB outlook and worries about the sovereign-debt crisis on the euro-zone periphery, firmed slightly against the dollar and yen as market participants adjusted positions, with markets closed in Japan, South Korea and Thailand.
The ECB is expected to keep its key interest rate on hold in its 1145 GMT decision, with markets closely watching President Jean-Claude Trichet's subsequent news ...
