Dollar Falls To 14-Year Low VS Yen, Touching 86.51
Dollar Falls To 14-Year Low VS Yen, Touching 86.51 By MALCOLM FOSTER, Associated Press TOKYO – The dollar tumbled to 14-year low against the Japanese yen Thursday after indications U.S. interest rates will remain low and that the Federal Reserve isn't overly concerned about the dollar's slide. The dollar sank to 86.51 yen in Tokyo trading, the lowest since July 1995. Analysts said some investors were selling the dollar to buy gold, which surged to another record Thursday. Finance Minister Hirohisa Fujii said Japan "will take appropriate steps if foreign exchange rates move abnormally." A strong yen is generally seen...
Original Article: Forum: News/Activism
Tags: Amp, Associated Press, Buy Gold, Federal Reserve, Finance Minister, Foreign Exchange Rates, Fujii, Interest Rates, Investors, Japan, Japanese Yen, Malcolm Foster, Tokyo, X22, X27, Yen Dollar