TOKYO (Dow Jones)--The dollar plunged below Y85.00 in Asia Friday to a fresh 14-year low, as investors piled into the yen on the view it offers the safest haven amid falling Asian share prices and concerns over global banks??? exposure to Dubai debt.
The dollar later rebounded somewhat, helped by a sterner warning from Japan's finance minister about the yen's sharp moves, but traders said market sentiment toward the greenback remains starkly bearish.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment