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Yen trades near two-week low as Asian stock gains curb demand for safety

Posted on 01 December 2011

The yen was 0.4 percent from a two- week low against the euro as Asian stocks extended a global equity rally, curbing demand for haven assets.
Japan’s currency fell yesterday after six central banks led by the Federal Reserve acted to lower the cost of borrowing dollars for banks. The dollar maintained its biggest slide in three weeks versus the euro before reports forecast to show manufacturing in the U.S. expanded and employers added more jobs last month………………………………………..Full Article: Source


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