Midday Report: Yen rallies on rising risk aversion; dollar falls after data

11:40 am ET Mar 28, 2007

DJIA

12,293

-103.58

S&P

1,418

-10.55

NASDAQ

2,419

-17.96

10Yr

4.58%

-0.035

Yen rallies on rising risk aversion; dollar falls after data

NEW YORK
The yen rallied Wednesday, touching a more than one-week high against
the dollar, as investors reduced bets on riskier assets financed by
cheap borrowing in the Japanese currency amid concerns over Iran and the
U.S. housing market.

Economic Report: Durable-goods orders rise 2.5%, but weak outside of
aircraft

WASHINGTON
Orders for durable goods climbed 2.5% in February as defense and
non-defense aircraft orders bounced back following big declines to start
off the year, the Commerce Department reported Wednesday.