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Commodities Briefing - Categorized | Currencies more

Currency swings reverse course

Posted on 29 October 2008

From Washingtonpost.com: The world’s currencies experienced another wave of almost unprecedented volatility, reversing some of the dramatic shifts of recent days.

The Japanese yen fell 5.25 percent against the dollar, its biggest one-day swing since 1974. But its value is still up 12 percent this year. The yen has moved more than 1 percent against the dollar 10 times this month. In October 2007, it didn’t move that much even once. …. Full Article: Source


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