Friday, January 15, 2010

Technology Shares Advance in Asia on Intel; Yen, Dollar Climb

http://www.bloomberg.com/apps/news?pid=20601087&sid=aXQpVFeDVj04&pos=1

China Tightening

“China is beginning to show signs of tightening, which should lead to risk aversion,” said Yoshihiro Nomura, Tokyo- based foreign-exchange team manager at Trust & Custody Services Bank Ltd. “Investors are sensitive to China’s news.”

The yen climbed to 131.26 per euro today from 132.25 in New York yesterday. The dollar gained to $1.4436 per euro from $1.4499. The yen was at 90.99 per dollar from 91.21.

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