The dollar climbed to its highest point in four months against the yen and advanced against the euro likely inspired by the anticipated reports on the falling number of job losses. Positive employment reports indicate a recovery for the economy in a more stable way than stock volume or other fiscal attributes.
Following reports that fewer Americans made claims for unemployment benefits in December, the dollar began rising while the yen slipped against major counterparts. Naoto Kan, who began his first day as Japan’s Finance Minister Thursday, announced the nation would invite
The dollar appreciated 1 percent to 93.21 yen today from 92.32 on Wednesday.
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