Dollar up vs. yen, euro in Asia
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TOKYO (CBS.MW) - The dollar edged higher against the yen Wednesday in Asia as investors covered short positions ahead of a Japanese market holiday Thursday.
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Asian stocks were mostly higher on  Monday, led by electronics and telecoms firms, while oil  extended gains and the dollar edged up ahead of an expected  U.S. Federal Reserve interest rate rise on Tuesday.
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The dollar rose against the euro and the yen on Wednesday, but the rebound in thin trading was seen as temporary and traders expect the US currency to test record lows versus the euro again in coming days.
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The dollar strengthened slightly against major currencies in Asian trade yesterday, with the yen coming under pressure from a further spike in crude oil prices, dealers said.
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The dollar edged up against the yen on  Friday after disappointing growth data for Japan and was  supported against the euro by ongoing verbal intervention from  European central bankers.
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The dollar rose against the yen but  eased from three-week highs against the euro on Monday as  investors waited for key economic data this week to shed light  on the health of the U.S. recovery.
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The dollar posted sharp gains on  Friday, as investors trimmed overextended positions in other  currencies, and rallied against the yen on easing fears of a  near-term rate hike by the Bank of Japan.
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The US dollar rose against the euro and other major currencies yesterday, recovering after some early losses as foreign exchange trading resumed in the new year.
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The dollar strengthened above last week's record low against the euro on Monday, allowing shares in shippers and steelmakers to take Asian equity markets up, but nerves about the dollar's direction capped stock gains.
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The dollar edged up against the euro on Tuesday as traders waited for a key report on American retail sales and inflation figures in Britain.
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The dollar rose against the yen and the euro in London on expectations the Federal Reserve will lift interest rates tomorrow and signal it plans further increases.
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The yen jumped to a nine-day high against  the dollar on Friday after a Chinese official said the time was  ripe for China to gradually move toward a more flexible  exchange rate regime.
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The dollar edged up against the yen and steadied against the euro on Friday, but kept within sight of multi-month lows hit this week on worries about the US economy and its ability to attract global investors.
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The dollar strengthened above last week&#39;s record low against the euro on Monday, allowing shares in shippers and steelmakers to take Asian equity markets up, but nerves
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The dollar edged up against the yen on Thursday as surprisingly limp machinery orders data for Japan helped investors to recoup earlier losses made on cautious remarks about U.S. growth by the Federal Reserve chief.
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The dollar rose near a  two-and-a-half-week high versus the yen on Monday after a jump  late last week following a U.S. employment report.
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The dollar strengthened against major  European currencies in largely technical trading on Friday  after two U.S. economic reports matched or beat market  expectations.