20 February 2002, 09:31 The greenback clawed its way higher late in the New York session
The greenback clawed its way higher late in the New York session,
despite further declines in U.S. equity markets. U.S. equities were down
on concerns that more negative accounting surprises may be seen in the
near future, analysts said. The euro-dollar closed at $0.8760, down from
earlier highs near $0.8780. Euro-yen closed at Y117.12, up from Asian
session lows near Y115.50 The dollar-yen closed at Y133.63. This was
still much higher than the Asian session where the pair hit lows near
Y132.65, traders said.
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