Dollar weakens more versus Yen as US yields fall

Thursday, 30 January 2014 00:00 - - {{hitsCtrl.values.hits}}

NEW YORK (Reuters) - The dollar weakened further against the yen on Wednesday as lower U.S. bond yields reduced the relative appeal of U.S. investments versus their Japanese counterparts. The greenback fell to a session low of 102.21 yen in early New York trading, down 0.7% from late on Tuesday. It still held above a seven-week low against the yen set on Monday due to jitters over financial woes in Argentina, Turkey and other emerging markets. The yield on benchmark 10-year Treasuries fell to 2.722%, down about 3 basis points from Tuesday’s close.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.