Dollar tumbles to fresh 15-year low against yen

Filed in Bank Gold, economy, Federal Reserve, Gold, inflation, Yen by on October 7, 2010 0 Comments

AFP Oct 7, 2010 The dollar tumbled to a fresh 15-year low at 82.22 against the yen in Tokyo trading hours on Thursday on persistent fears over the US economic outlook. The dollar fell from 82.87 in earlier trade to well below the level at which Japan last month carried out its first currency market intervention since 2004 to weaken the yen and protect an export-led recovery. It later strengthened back to the mid 82-yen level. The markets increasingly expect the US Federal Reserve to pump more money into the system to boost the flagging economy, even if doing so weakens the dollar and risks fanning inflation. Full article here Having A Supply Of Healthy Foods That Last Just Makes Sense (AD)

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Dollar tumbles to fresh 15-year low against yen

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