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Yen, Dollar slide on optimism Obama plan to aid risk appetite

Posted on 23 March 2009

From Bloomberg: The yen and the dollar fell, with Japan’s currency touching a five-month low against the euro, on speculation new U.S. government steps to help banks deal with toxic assets will boost demand for higher-yielding currencies.

The dollar extended last week’s biggest decline since the 1985 Plaza Accord on speculation U.S. yields will drop following the Federal Reserve’s plan to buy Treasuries…..Full Article: Source


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