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Yen and Dollar regain strength on slower economic recovery

Yen and Dollar regain strength on slower economic recovery

G10 Advancers and Decliners vs USD
JPY 0.15
CHF 0.02
EUR -0.14
GBP -0.22
The JPY rose toward a seven-week high against the EUR on signs the global economic recovery is slowing, supporting demand for Japan’s currency as a refuge. The JPY headed for a weekly gain versus 15 of 16 major counterparts before reports next week that may show US home sales fell, Japanese export growth slowed and German business sentiment weakened. The EURCHF fell to the lowest since July…

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Read more on Japanese Yen (JPY) at Wikinvest

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