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Recent News:
  • Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.   
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Yen heads toward longest losing streak against dollar since March 2011

Oct 18, 2012 12:00 PM

The Japanese yen was pushing toward a sixth consecutive day of losses against the U.S. dollar on Thursday, Bloomberg reports.

The monetary unit of the Pacific Rim nation was driving toward its lowest value in roughly eight weeks against the world's reserve currency. The six-day streak would be the longest since March of last year as U.S. Treasurys rose to their highest value in about one month against those issued by Japan.

"The softer yen is the biggest factor today ... This could be a turning point, but it's really too early to tell," portfolio manager and executive officer Yasuo Sakuma with Bayview Asset Management told Reuters. "If the won and the euro continue to get stronger I think sentiment might become a bit more 'risk on.'"

The past 90 days have seen the yen fall 4.8 percent in value against the U.S. dollar, distinguishing itself as the worst-performing monetary unit of 10 currencies from developing nations that are watched by Bloomberg.

The monetary unit of Japan was dropping toward its lowest value in about 30 days against the 17-nation monetary unit, according to Reuters.

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