Jan 08
The Japanese yen continued to remain weak in Asia as demand for riskier investments continued to gain traction on hopes for continued economic recovery. Combined with the resignation of finance minister Fuji on health grounds, an advocate of a stronger yen, the currency weakened particularly against its higher yielding counterparts.
The US dollar regained lost ground after its sell-off yesterday, particularly against the Euro, as it benefited on the back of fears about euro zone sovereign debt, after Fitch downgraded Iceland’s credit rating to junk status, after the Icelandic president blocked …
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