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Commodities Briefing - Categorized | Currencies more

Yen jumps, commodity currencies feel the heat

Posted on 07 June 2013

The yen was sharply higher on Thursday as a rout in Japanese stocks forced investors out of popular carry trades, while commodity currencies were under fierce pressure with the Australian dollar wallowing at 19-month lows.
The moves came as a closely watched report showed hiring by U.S. firms was sluggish in May, raising the risk that Friday’s non-farm payrolls could disappoint……………………………………Full Article: Source


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