European Sovereign Debt Fears Send Yen and Dollar Higher Before Another Weekend

May 14, 2010

The yen firmed 0.2% against the dollar, which otherwise advanced 0.6% against sterling and the Swiss franc and 0.5% against the euro, which got as low as $1.2430, slightly below its weakest quote last year of 1.2458 seen on March 4, 2009. Commodity-sensitive currencies were also depressed.  The Canadian and Australian dollars lost 0.5% against [...]

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