Fading dollar loses steam against Yen

The dollar has become so weak again that it has begun to fade even against the lowly Yen. The greenback and the Japanese currency seem to be effectively fighting for the label of least desirable currency at the moment. One dollar is currently (May 26) netting 95.40 Yen. Despite a surprising strong consumer confidence reading that marked a high point for sentiment since September, data still shows people aren’t spending to match their confidence. Why? There are still 8.9 per cent of people dealing with unemployment, and ...