Yen rallies on rising risk aversion; dollar falls after data

4:30 pm ET Mar 28, 2007

DJIA

12,300

-96.93

S&P

1,417

-11.38

NASDAQ

2,417

-20.33

10Yr

4.62%

+0.008

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.

Beazer Homes' shares falls on report of mortgage probe

NEW YORK
Beazer Homes USA Inc. saw its shares fall 10% Wednesday, in retreat as
the company said federal authorities have requested documents regarding
its mortgage business.