Market Report - Dollar Shines Bright

CHEN:
The U.S. dollar jumped to a 6 month high on Friday. Gold prices fell to their lowest levels this year as worries about inflation were replaced by worries about a faltering world economy.

The strong dollar helped boost Asian exporters such as carmaker Toyota.

A solid U.S. currency makes overseas goods seem more affordable to the American consumer. But a Reuters survey showed confidence is at a five year low among big Japanese manufacturers.

Manufacturing is a key driver of growth in the world's second largest economy and the survey adds to growing evidence Japan may be slipping into recession.

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News & Politics

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