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Businessweek Archives

Investment Figures Of The Week


Investment Figures of the Week

Investment Figures of the Week

COMMENTARY

The yen and the dollar battled it out in the currency markets--and even with

central bankers on its side, the greenback lost. The dollar eventually slipped

below 100 yen and on June 29 closed at 98.8 yen, a historic low. The slide of

the dollar triggered another wave of selling in the U.S. financial markets.

Small-cap stocks took a much harder drubbing than the larger company stocks.

Bonds plunged again, with the yield on the 30-year Treasury bond jumping to

7.51%.


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