Monday, May 21, 2007

Platinum Falls in Asia as Dollar Holds Near Three-Month High Versus Yen

(Bloomberg) -- Platinum fell for a fourth day in five
in Asian trading as the dollar traded near a three month high
against the yen, cutting the value of the metal as an investment
to offset a weakening U.S. currency.

The dollar rose as much as 0.51 percent to 121.63 yen
yesterday in late New York trading, the highest since Feb. 23.
The currency traded at 121.47 yen at 10:48 a.m. Tokyo time today.


Read more at Bloomberg Commodities News

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