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Dollar slips against yen in Asia
TOKYO Published in Saudi Press Agency on 28 - 05 - 2008


The dollar slipped against the yen Wednesday
in Asia as sentiment turned downbeat after an overnight
indicator showed a drop in U.S. home prices.
The greenback was quoted at 103.96 yen midafternoon in
Tokyo, down from 104.26 yen late Tuesday in New York.
U.S. home prices dropped at the sharpest rate in two
decades during the first quarter, a closely watched index
showed Tuesday, indicating the housing slump would continue
to deepen.
The euro stood at US$1.5710 midafternoon in Tokyo, up from
US$1.5688 in New York.
In other Asian currencies, the dollar was quoted at 32.22
to the Thai baht, up from 32.17, and at US$1.3614 to the
Singapore dollar, down from US$1.3638.

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