01 Sep '11, 3am

Dollar rises against the yen: TOKYO: The dollar climbed against the yen in Asia on Thursday after positive US ma...

Dollar rises against the yen: TOKYO: The dollar climbed against the yen in Asia on Thursday after positive US ma...

TOKYO: The dollar climbed against the yen in Asia on Thursday after positive US manufacturing data eased concerns about the health of the world's largest economy. The greenback gained to 76.95 yen in Tokyo trade from 76.62 yen in New York late Wednesday. The euro fell to $1.4370 from $1.4374. The European common unit fetched 110.58 yen, up from 110.22 yen. Better-than-expected data on manufacturing in the US industrial heartland helped improve investor sentiment for the dollar, giving a lift to Wall Street stocks, dealers said. Improved risk appetite was negative for the safe-haven yen, as Tokyo stocks also posted gains. The Institute of Supply Management-Chicago reported Wednesday that its purchasing managers' index came in at 56.5 in August, above analysts' forecasts. Any number greater than 50 indicates expansion. Meanwhile, payrolls firm ADP said the US private sector ...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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channelnewsasia.com 05 Sep '11, 9am

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