Dollar extended losses against yen, as Lehman droops down

United Dollar extended losses against yen, with Lehman brothers shares thrusting concerns about ability of investment bank to raise funds in the midst anticipation of bigger losses.

Dollar was last recorded 0.8 percent down at 107.48 yen close to a low of 107.26 yen. A fall of more than 31 percent by Lehman shares effected stocks of Wall Street, as it moved down.

Currency trader at Tempus Consulting in Washington, Greg Salvaggio, reports concerning Lehman dropped dollars and stocks down.

Leave a Reply

You must be logged in to post a comment.