Japanese yen weakened against the dollar after an 8% rise in Chinese stocks |
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Yesterday, during US trading hours, stocks were down and oil had a sharp afternoon rally causing the dollar to weaken. Today, the dollar has taken back those losses and is up against all major currencies. The British pound has declined against the dollar and euro after Bank of England released minutes from its last meeting stating that inflation risks have eased and they are concerned about the risk of slow growth. Euro weakened versus the dollar on concerns that the euro-zone economy is
Filed under: Fundamental
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