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BUSINESS LINE: India: TOKYO: Yen recovers on rate hike mood

Businessline (Islāmābād, Pakistan), 2000-07, p.1

Copyright Asia Intelligence Wire from FT Information Jul 11, 2000

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  • Title:
    BUSINESS LINE: India: TOKYO: Yen recovers on rate hike mood
  • Author: 0600 GMT, THE DOLLAR HAD RECOILED TO 106.97 YEN COMPARED WITH 107.84
  • Is Part Of: Businessline (Islāmābād, Pakistan), 2000-07, p.1
  • Description: Some had put a negative spin on the "Tankan" survey of business sentiment released at the start of last week while others had predicted the weekend meeting of G7 finance ministers in Japan would produce international pressure against a hike. "The market got itself short of yen last week on the view BoJ could be forced to delay a move," said a US bank dealer. "But the G7 were mostly hands-off and now we've had this strong data, and being short is proving painful." yen in New York on Friday, which was its highest close in a month. The euro also lost altitude on the yen, easing to 101.92 yen from 102.30 in New York on Friday. But in turn it made progress on the dollar to reach $0.9524 from $0.9482.
  • Publisher: Chennai: Asia Intelligence Wire from FT Information
  • Language: English
  • Source: ProQuest Databases
    ProQuest Central
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