Foreign Exchange News
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Dollar falls vs yen as China's yuan rises
15 May 2006
source:
today.reuters.co.uk
By Naomi Tajitsu TOKYO (Reuters) - The dollar closed in on an eight-month low against the yen on Monday on signs China is becoming more supportive of a rise in the yuan while the United States may be comfortable with a weaker dollar. The U.S. currency also sank to a one-year low against the euro on market views that the end to a two-year run of rising U.S. interest rates is near. China's centra ... |
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ASIA MARKETS: Region Sharply Lower On Inflation Fears, Shanghai Gains ...
15 May 2006
source:
morningstar.com
HONG KONG (MarketWatch) --Asian share markets were lower across the board Monday, pacing sharp declines in U.S. indexes, with Japan's Nikkei Average among leading decliners following the release of higher-than-expected inflation data and the yen fetching new eight-month highs against the dollar. In Tokyo trading Monday morning, the U.S. dollar was at 109.57 yen, after briefly touching a low of ... |
