Euro,Metals gain,Yen Slips
The euro rose to 124.62 yen at 1:10 p.m. in Tokyo from 124.06 yen in New York on March 26. Copper for delivery in three months in London gained 1.6 percent to $7,635 a metric ton as inventories slid. The Australian dollar was slightly lower and rangebound at noon following warnings by the Reserve Bank governor about excessive borrowing.At 1200 AEDT, the Australian dollar was trading at $US0.9057/60, down 0.51 per cent from Friday’s close of $US0.9108/11.The Indian rupee strengthened to its highest level in more than 18 months on Monday morning boosted by the dollar’s weakness against major currencies and mild gains in the local share market.At 9:07 a.m, the partially convertible rupee was at 45.10/11 per dollar, its strongest since Sept. 10, 2008 and above its close of 45.23/24 on Friday.