Dollar tops 100 yen after G20 summit
The dollar toped 100 yen for the first time in five months but
weakened against other major currencies Friday as traders assessed the
impact of a weak US employment on economic recovery prospects.
At 2100 GMT, the euro fetched 1.3483 dollars from 1.3461 dollars late
Thursday in New York.
The dollar meanwhile rose to 100.29 yen from 99.52 yen, as investors
welcomed the Group of 20 summit pledge to step up efforts to tackle the
economic crisis.
"The actions by Washington and leaders of the 20 largest economies
have helped to restore risk appetite," said Kathy Lien at Global Forex
Trading.
- AFP
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