Tuesday, July 8, 2008

UPDATES ON JULY 9 2008

Dollar Falls Against Euro, Yen After Iran Test-Fires Missile .

The dollar declined against the yen and euro after Iran's

state television said the nation test- fired a long-range

missile capable of reaching Israel.

The yen and the Swiss franc strengthened on speculation

the missile test signals that international political tensions

will keep escalating, spurring investors to buy assets in

nations that are perceived as safer.

The dollar fell to 107.05 yen as of 2:25 p.m. in Tokyo from

107.50 yen late in New York yesterday. It also weakened to

$1.5716 versus the euro compared with $1.5670 yesterday.

Japan's currency climbed to 168.24 versus the euro from

168.45 in New York yesterday. The Swiss franc advanced to

1.0282 versus the dollar from 1.0337.

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