Dollar, Yen Gain as Euro, Pound Weaken on Deepening Recession

March 27 (Bloomberg) -- The dollar and yen rose as traders fled the euro and pound on evidence the recession is deepening in Europe.



The 16-nation currency fell the most against the dollar in more than a month after Europe’s statistics office said industrial orders in the region plunged in January. The yen also gained on speculation Japanese companies brought home overseas earnings before the end of the nation’s fiscal year.

LEER MÁS