|
By mid morning London time, the dollar was down 0.5 percent at 85.75 yen, while the euro rose 0.4 percent to $1.2810. The dollar has been in demand over the last few days, recovering around 5 cents against the euro as investors have sought out the relative safe haven of the U.S. currency in the more fretful economic environment. Elsewhere in Asia, South Korea's Kospi declined 0.2 percent to 1,743.31 and Australia's S&P/ASX 200 shed 0.5 percent to 4,438.50. Among the gainers was China's Shanghai Composite Index, up 2.1 percent at 2,661.71 amid hopes credit tightening policies will be eased. Hong Kong's Hang Seng added 0.2 percent to 21,112.12. Markets in Taiwan, Malaysia, Thailand and the Philippines gained. In currencies, the dollar fell to 85.81 yen from 86.18 yen. The euro rose to $1.2793 from $1.2755. Benchmark crude for September delivery was up 19 cents at $75.58 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 35 cents on Friday to settle at $75.39 a barrel, its lowest level in a month.
[Associated
Press;
Copyright 2010 The Associated Press. All rights reserved. This
material may not be published, broadcast, rewritten or
redistributed.
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