the greenback at 86.92-96. market sources say that the dollar is depreciating as uncertainty for the u.s. economy remains strong among investors. concerns over european financial institutions receded, cueing investors to buy back the euro. this contributed to the weakening of the dollar. the euro is changing hands at 113.13-18. and here's a look at the latest long-term interest rates. this is the yield on the benchmark ten-year japanese government bond. the hang seng opened 0.4%. the blue chips are down 0.8%, coming closer to the 6,000 level. and the sse composite is down 0.32%. >>> new home sales in the united states rebounded sharply in june from a record low in the previous month. the u.s. department of commerce said on monday that 330,000 newly constructed homes were sold in june. that's up 23.6% in annualized terms. and the largest month to month growth in 30 years. sales in may plunged sharply due to the end of government incentives and slow recovery in employment. june sales were better than forecast, bu

it hit its highest level in two months against the greenback on friday, briefly breaking through the $1.30 level. for months, the euro has been dogged by worries over a sovereign debt in europe. now there are worries over the u.s. economy. >> while unemployment continues to rally in the u.s., american consumers are mostly sitting on the sidelines and on their wallets. the u.s. is taking a long time to recover from the massive economic crisis. europe has bounced back more quickly. analysts say that is why the euro is headed higher. the recovery comes after a long gown spill. the currency plummeted on fears that greece could slide into bankruptcy and worries over europe's massive debt crisis. in june, the euro hit bottom at $1.18. it has gained nearly 10%. investors have regained confidence in the euro. a further reason is the upswing. billions of bureaus -- euros are apparently paying off. so our austerity programs. confidence is no longer in short supply. >> citigroup and bank of america posted better than expected quarterly results on friday. shares got hammered because the banks sa

the greenback is fetching 87.22-23, while the euro's changing hands at 112.66-69. the dollar came under selling pressure overnight after worse than expected american economic data dampened the outlook for u.s. recovery. that prompted investors to buy the yen and the euro. and here's a look at the latest long-term interest rates. this is the yield on the benchmark ten-year japanese government bond. in other asian markets hong kong's hang seng opened 0.2% higher. it currently is down just slightly. slightly in the red. the shanghai index for major blue chips is down 0.6%, and in shenzhen the sse composite is also down half a percent. >>> japan's mitsubishi electric will boost production of semiconductors with improved energy control features. it's in a bid to tap growing chinese demand for ecofriendly home appliances. the so-called power semiconductor is used in energy-efficient air-conditioners and hybrid vehicles. the chip cuts energy use by controlling electricity flow to a motor. mitsubishi plans to add new production lines to existing plants in western japan by

the greenback is currently trading at 87.20-22. market sources say that investors are buying back the dollar following again on wall street overnight. this trend carried over to tokyo. meanwhile, the euro's currently changing hands between 112.47-52. and here's a look at the latest long-term interest rates. this is the yield on the benchmark ten-year japanese government bond. in other asian markets hong kong's hang seng opened up 0.6%, is currently up 0.8%. the shanghai key index for major blue chips is up 0.2%, and in shenzhen the sse composite is up 0.7%. >>> a japanese department store operator will soon start growing fruit and vegetables in china to meet increasing demand for japanese foods in the country. isetan mitsukoshi holdings will begin farming in tianjin next month on land leased by the city. the company will be the first major japanese department store operator to do agribusiness in china. the store will team one an agricultural cooperation in southern china to grow cherry tomatoes, japanese strawberries and radishes.

the greenback is currently changing hands at 86.47-51. investors took their cue from the dollar's overnight losses in other markets. contributing to the fall was the downgrade by the u.s. federal reserve of its economic assessment for some districts, dampening america's recovery outlook. concerns over ballooning u.s. fiscal deficits are also weighing down on the dollar. >>> and here's a look at the latest long-term interest rates. this is the yield on the benchmark ten-year japanese government bond. in other asian markets, hong kong's hang seng opened down 0.4%. it's currently down 0.2%, slightly recovered here. the shanghai key index for major blue chips is down .25%. and in shenzhen the sse composite is down just a fraction. >>> japan's unemployment rate in june rose from the previous month for a fourth month in a row. the internal affairs ministry reported on friday that the seasonally adjusted jobless rate for the month stood at 5.3%. that's up 0.1 percentage point from may. the number of people with jobs stood at just under 63 millio

greenback. well if you actually look at how the rubles and trading versus the basket i mean it's obvious you've been fairly stable at present i think there was a bit of a bit of volatility a couple months ago which is in line with the other emerging countries their currencies biggest ability right now i think really what we have to stand back and if it's going to be more quantitative easing coming through in the u.s. which is by no means a definite story. you know you could actually see this kind of repeat of the situation last year where higher beta currencies actually start to do better overall but right now we're in a wait and see mode we've got to get through these stress tests first and that's going to be tomorrow's highlight and then we'll think differently come the beginning of next week absolutely maybe speak to next week of h.s.b.c. bank thank you. that's the latest business to join us for more in fifty minutes. wealthy british style. market. can. find out what's really happening to the