informant38
.

-
...But of these sophisms and elenchs of merchandise I skill not...
Milton, Areopagitica

Except he had found the
standing sea-rock that even this last
Temptation breaks on; quieter than death but lovelier; peace
that quiets the desire even of praising it.

Jeffers, Meditation On Saviors

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10.10.03


          

        










Dollar Slips Vs Yen

The dollar slid against the yen on Friday as speculators bought the Japanese currency on a belief that the latest Bank of Japan monetary easing will help bolster recovery of the world's second-biggest economy.

The greenback also took a beating from other major currencies after rallying on Thursday on fairly buoyant U.S. jobs data. Sentiment on the dollar was turning bearish again amid a growing perception that it has to weaken to help finance the ballooning U.S. current account deficit.

"There's a speculative frost out there. Thematically, it is a continuation of the dollar's downtrend," said Alan Ruskin, research director at 4Cast Inc in New York.

�Gertrude Chavez/Reuters 10.10.03










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