Friday, 06 July 2007

Dollar Rises Versus Yen on Speculation Payrolls Exceeded Analyst Forecasts

(Bloomberg) -- The dollar rose against the yen on
speculation a U.S. report will show payrolls exceeded forecasts
by economists after stronger-than-expected jobs data yesterday.

The U.S. currency gained for a fourth day against the yen
after a private report yesterday showed companies unexpectedly
added the most workers in seven months in June. Japan's currency
fell to a record against the euro as rising global interest
rates prompted Japanese investors to buy assets abroad.


Read more at Bloomberg Currencies News

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