Sponsored by: Investment Center

Something new in your business?  Click here to submit your business press release

Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery 

US dollar falls to 95.32 yen, lowest in 13 years

Send a link to a friend

[October 24, 2008]  TOKYO (AP) -- The U.S. dollar has fallen to its lowest level against the Japanese yen in 13 years.

RestaurantIn afternoon trading in Tokyo Friday, the dollar sank as low as 95.32 yen, the lowest since August 1995.

Traders said the dollar is being pressured on worries about a recession in the U.S. economy amid the unfolding financial crisis.

Dollar-selling also intensified amid speculation that the Federal Reserve would cut interest rates again to shore up the sagging U.S. economy.

A strong yen hurts Japanese exporters by eroding their overseas earnings when converted back to yen.

[Associated Press]

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.




< Recent articles

Back to top


News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries

Community | Perspectives | Law & Courts | Leisure Time | Spiritual Life | Health & Fitness | Teen Scene
Calendar | Letters to the Editor