HOME    NEWS    SPECIAL REPORT    PHOTO    DATING    HOTEL
NEWS > Business
Dollar stays weak in upper 104 yen in Tokyo
2005-03-09 02:24:31 XinhuaEnglish

TOKYO, March 9(Xinhuanet)-- The US dollar remained weak in the upper 104 yen range Wednesday in Tokyo after falling in overseas deals, due partly to concern about a large US current-account deficit.

At 5 p.m.(0800 GMT), the dollar was quoted at 104.60-63 yen against Tuesday's 5 p.m. quotes of 104.62-72 yen in New York and 105.00-02 yen in Tokyo.

It moved between 104.50 yen and 104.77 yen during the day, trading most often at 104.70 yen.

The euro was quoted at 1.3354-3357 dollar and 139.71-75 yen, compared with 1.3341-3351 dollar and 139.66-76 yen at 5 p.m. Tuesday in New York.

The dollar, which fell versus the yen in overnight trading overseas in line with its weakness against the euro, remained lackluster in directionless trading in Tokyo, dealers said.

They said the market was little affected by the Japanese government's upgraded assessment of the index of coincident economic indicators for the first time in 16 months.

MORE NEWS
Smaller clients targeted at Cebit  
Female in Boeing CEO scandal identified  
New car prices gap narrows in enlarged EU  
Philippine bank to sell 100 mln USD in bonds in Hong Kong  
Fed official sees 2005 economy to grow 4%  
Wall Street stocks drop on higher oil prices  
Ford's Asia-made cars do poorly  
General Electric to sell Genworth shares  

SINA English is the English-language destination for news and information about China. Find general information on life, culture and travel in China through our news and special reports£¬or find business partners through our online Business Directory. For investment opportunities with SINA, please click the link "Investor" below.
| About SINA | Investor | Media Kit | Comments or Question? |
Copyright© 2004 SINA.com. All Rights Reserved