U.S. Market March 07, 2001

The yen fell to a 20-month low against the dollar after Japanese Finance Minister Kiichi Miyazawa suggested he isn't opposed to letting foreign-exchange traders drive Japan's currency lower. The yen fell as far as 120.21 per dollar, from 118.74 yesterday in New York. Euro Yen cross higher around 111.60 yen. Euro dollar trades just below the 93 cent level. The Euro trading lower in afternoon U.S. trading, as dollar gets a lift from sharply higher U.S. stocks. Dow Jones Industrial average up about 1 pct, while Nasdaq gained 1.5 pct, after Wall Street strategist recommends investors funnel cash into equity markets.

 www.nicorp.org