Dollar edges higher versus yen

The U.S. dollar edged higher versus the yen but lost ground versus the euro amid nervousness over the fate of automaker General Motors and a cascade of earnings this week from major U.S. banks.

The dollar index , a measure of the greenback against a trade-weighted basket of currencies, was virtually unchanged at 85.428 in recent action.
Trading conditions were thin. Most major European financial markets were closed due to the Easter Monday holiday.

The dollar rose 0.3% versus the Japanese currency to trade at 100.53 yen.

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- Posted: 2009-04-13 07:57:35

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