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Commodities Briefing - Categorized | Currencies, Market Pulse more

Yen off to worst start since 2000 as economy shrinks

Posted on 26 February 2009

From Bloomberg: The yen is off to its worst start in nine years against the dollar as Japan’s tumbling exports and the fastest economic contraction since 1974 end a rally sparked by investors seeking a refuge from the financial crisis.

The currency slumped 6.4 percent against the dollar this year as global stock markets extended 2008’s losses….. Full Article: Source


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