TOKYO, July 24, 2008 (AFP) - The dollar held firm in Asian trade Thursday, supported by falling oil prices and market talk of possible US interest rate rises, dealers said. They said investors were digesting news of the first fall in Japanese exports in more than four years in June as the US economic slowdown took its toll. The dollar stood at 107.75 yen in late morning trade in Tokyo, after nearly touching 108.00 yen, compared with 107.86 yen in New York late Wednesday. Investor sentiment improved after a fresh slide in oil prices and better-than-expected earnings reports by US financial institutions, dealers said. Speculation about possible US interest rate hikes also encouraged dollar buying, they said. Investors generally prefer currencies offering higher yields. "The dollar's strength reflected increasing expectations of...
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