US dollar declines on week

The Japanese yen dropped this week against both sterling and the euro, losing 0.4 percent to ¥247.95 falling 0.8 percent to ¥167.90 respectively on the news that household investors have become a larger factor in the currencies market.

The yen was even lower in relation to the Australian and New Zealand dollars, falling 1.1 percent to ¥105.60 versus the Australian currency and declining 1.8 percent to ¥96.60 against the New Zealand dollar.

The yen was, however, even for the week against the US dollar at ¥123.10.

The US dollar recovered a bit from near-record lows versus the euro as the week ended, but it still ended up behind in relation to both the euro and sterling. Meanwhile, the greenback lost even more ground to currencies from oil producing nations as oil prices increased.

The dollar fell 0.3 percent over the week to $2.0140 in relation to sterling and fell 0.6 percent to $1.3630 versus the euro, while it dropped 1.5 percent against both the Canadian dollar and the Norwegian krone, to C$1.0465 and NKr5.8020 respectively.

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