Dollar, euro in tight range as pound drops
September 09, 2014 00:00:00
TOKYO, Sept 8 (AFP): The dollar and euro moved in a narrow range Monday after the European Central Bank's surprise stimulus moves, while the British pound dropped as next week's Scottish independence vote tightens.
The greenback was at 105.05 yen, against 105.06 yen in New York on Friday.
The euro stood at $1.2953 and 136.08 yen, compared with $1.2951 and 136.14 yen in US trade.
The pound bought $1.6225, extending its slide from $1.6323 after a YouGov survey for the Sunday Times showed Scotland was on course to vote break away from the United Kingdom at the September 18 referendum.
A "Yes" vote would see the end of a 307 year union with England, although details of what currency an independent Scotland would use and what effect its secession would have on the British economy are murky.
"The pound has gapped lower by more than a big figure" following the survey, the National Bank of Australia said in a note to clients. Previous polls have shown voters are expected to opt for the status quo.