Wednesday, June 27, 2007

Dollar down vs yen after May US durable goods data

(Reuters) - The dollar fell against the yen on Wednesday after a report showed May U.S. durable good orders weaker than expected, raising concerns about the strength of the U.S. economy.

The yen was already up for a third straight session against the dollar as volatile global equity markets and continued concerns about the U.S. subprime mortgage sector made investors more wary of risky carry trades.


Read more at Reuters Africa

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