Dollar Advances Versus Yen as Foreigners Buy Record Amount of U.S. Assets

(Bloomberg) -- The dollar rose against the yen,
snapping a three-day slide, as a government report showed
foreigners added a record amount of U.S. securities in May,
fueling optimism that demand for the nation's assets persists.

The advance in the dollar began on an earlier report
showing a measure of prices paid to producers rose more than
forecast last month, which may cool speculation the Federal
Reserve will cut interest rates this year.


Read more at Bloomberg Currencies News