Thursday, March 24, 2005


Dollar Rallies, Yahoo In Share Buyback

In a holiday shortened week the US dollar had quite a run. Versus the Swiss Franc it was up 3% in 4 days to finish above 1.20. Trading against the Yen left the greenback at a 6 week high, over 106.

In some late news of signifigance, the internet firm Yahoo announced a share buyback of $3 billion. The reason I find it important is the firm is signaling that no better investment is available, not in Yahoo nor any possible aquisition. That is a poor reflection on the state of the economy and Yahoos prospects.

Comments: Post a Comment

<< Home

This page is powered by Blogger. Isn't yours?