2011年3月19日星期六

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Yen fell against all its major counterparts after the Group of Seven countries intervened in the foreign exchange market yesterday, the association of gains earlier this week that the nation copes with a deadly earthquake.

The Japanese currency fell the most in more than two years against the dollar, paring a weekly gain after the Bank of Japan has been joined by G-7 central banks to try to stabilize the currency Buy WoW Gold market. The yen rose 4.5 percent in 26 minutes on March 17 for a senior position on the concerns of Japanese investors repatriate assets to pay for reconstruction after World War II March 11 tsunami and therefore the nuclear crisis. The euro rose against the dollar on speculation the European Central Bank will raise interest rates until the Federal Reserve.

"People are expecting action all week, and eventually they came," said David Mann, director of research at the American Standard Chartered Bank, an interview with Bloomberg Television in "Street Smart" and Carol Miller and Matt Massari . "This is to limit the volatility and uncertainty is reduced."

The yen strengthened 1.5 percent
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to 80.58 per dollar, from 81.84 on 11 March. Fell 2.1 percent yesterday, its first decline in six days and reached a record 76.25 yesterday.

The yen fell 0.5 percent to 114.31 per euro. The dollar fell 2 percent to $ 1.4182 per euro from $ 1.3903.

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