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Yen rises from multiyear lows on growth concerns, G20

Posted on 17 April 2013

The yen rose from recent multiyear lows against the dollar and euro on Monday as renewed worries about the global economy spurred traders to sell riskier investments funded by the relatively cheap Japanese currency.
Commodity-linked currencies, such as the Australian and New Zealand dollars, fell sharply against the U.S. currency, as gold prices plunged below $1,400 an ounce to a more than two-year low. Prices for other precious metal were dragged lower as a result of gold’s slide…………………………………….Full Article: Source


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