Dollar, Yen Surge

The dollar has been falling relative to the yen, as Asian investors have poured money into Japan, which is the largest industrialized country in Asia and less exposed to the credit meltdown than the United States. Meanwhile, the dollar and the yen have risen against the euro, U.S. government has moved aggressively to try to contain the crisis and reflecting the fact that losses by European banks could be giant relative to the size of their economies.

© 2008 The Washington Post Company