Dollar hits 14-year low against yen


AFP
November 26, 2009

[efoods]The dollar slumped to a 14-year low point against the yen on Thursday, prompting fears that a further surge could hurt a fragile recovery in Japan, the world’s second largest economy.

Gold scored yet another record high, breaching 1,195 dollars an ounce as the US currency waned.

During Asian trading, the dollar slid to 86.28 yen, the lowest level since July 1995.

In later European deals, the dollar stood at 86.64 yen compared with 87.38 yen late on Wednesday in New York. The euro fell to 1.5085 dollars from 1.5127 dollars late Wednesday.

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