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Eyes on Yellen as dollar sinks against yen

From reuters.com

All eyes in financial markets were on an appearance by Janet Yellen on Thursday after meeting minutes showed the U.S. Federal Reserve is still far from another rise in interest rates, driving the dollar to its weakest against the yen in 17 months. A more than one percent drop took the U.S. currency's losses to almost 10 percent so far this year, and the absence of intervention by Japan in response has spurred talk that a global deal may have been done to weaken the dollar. That remains unsubstantiated but the surge of money into the perceived safety of the Japanese currency reflects the scale of concern over global ... (full story)

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