Thursday, May 3, 2007

Yen under pressure as US data, Fed view underpin dollar

(Reuters) - The U.S. dollar was a shade firmer while the Japanese yen languished near lows on Thursday after firm U.S. manufacturing data reinforced the view that the dollar's relative yield advantage would remain for now.

The dollar was supported in part by a report the Federal Reserve was still more concerned about inflation than the risks to economic growth.


Read more at Reuters Africa

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