SEARCH
« Robert Reich: S&P Debt Warning is 'Height of Hubris' | Main | Solar Power Company Plans Giant Tower in Arizona »
Wednesday
Jul272011

US Dollar Hits Three-Month Low in Asian Markets

Photos.com/Thinkstock(TOKYO) -- In a sign of growing concerns over the U.S. debt crisis, the U.S. dollar index fell to a three-month low Wednesday in Asian markets.

The dollar fell to a four-month low against the Japanese yen, while marking a record low against the Australian dollar.

A board member for the Bank of Japan said failed talks in D.C. could have serious effects on Japan's financial system.  He added that he expects the finance ministry to look at whether to intervene.

The U.S. government is projected to default unless a deal is reached before next Tuesday's deadline

Copyright 2011 ABC News Radio

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>






ABC News Radio