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Dollar-Yen at 89? It Could Happen by Year-End
The dollar-yen, which has fallen almost 3 percent from a four and half year high in May and is barely hanging on to the 100 mark, is likely to hit 89 by the end of the year, according to one economist. Clifford Bennett, chief economist at financial services firm White Crane Group, forecasts the dollar-yen to weaken about 11 percent from current levels until the end of 2013. "The dollar-yen was the most overbought market of any market in the world last week and it has a lot of unwinding to do just to get back to neutral on some highly speculative positions," Bennett told CNBC Asia's "Squawk Box." "Remember where the ... (full story)
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Carbon-Dioxide: the gas of life!
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Carbon-Dioxide: the gas of life!
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