The dollar edged back from a six-week low against the yen early on Monday, as a ...
TOKYO - The dollar edged back from a six-week low against the yen early on Monday, as a degree of calm returned to the market gripped by fears of a recession in the United States.
The greenback had tumbled on Friday as the spread between 3-month Treasury bills and 10-year note yields inverted for the first time since 2007 following weak U.S. manufacturing PMI data.Cautious comments from the U.S. Federal Reserve last week had also raised worries about the growth outlook in the United States and the rest of the world.
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