Sunday, June 24, 2007

Asian markets sag after U.S. fall, yen under pressure

(Reuters) - Demand for high-yielding currencies kept the yen pinned near an all-time low versus the euro and a 4-1/2-year low against the dollar. The Bank of Japan, unlike other central banks, was seen in no hurry to raise interest rates.




Oil prices slid below $71 a barrel following an end to a strike in Nigeria that had threatened to disrupt oil exports, while gold took a breather after rising in New York.


Read more at Reuters.com Hot Stocks News

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