Tuesday, July 24, 2007
The dollar fell to a 2 1/2-month low against the yen on Wednesday as worries about worsening U.S. credit market problems and housing sector weakness prompted investors to shun the U.S. currency. A fall in Asian stock markets also encouraged investors to trim risky trades financed by borrowing in the low-yielding yen, selling the dollar and other high-yielding currencies against the Japanese currency.
The dollar fell as low down as 119.80 yen
posted by stifxonline
@ 9:26 PM
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