28.05.2013 - Commodity currencies lose out to havens
Commodity currencies fell and haven currencies gained ground following a volatile week in the global foreign exchange markets that saw investors take profits on bets that the US dollar would strengthen. The Japanese yen and Swiss franc rose against the US dollar for the second day after expectations that the US Federal Reserve could slow its bond-buying programme led to caution in the markets. Sharp falls in Japanese equities had a knock-on effect on the yen, which strengthened against other major currencies.........................................Full Article: Source
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