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Daily Report: Yen Surges on Risk Aversion, Euro Remains Strong against Dollar and Ste

Discussion in 'Forex Daily News & Outlook' started by ActionForex.com, Jan 11, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    The Japanese yen surges broadly into European session on risk aversion following the report that Merrill Lynch may double its original estimate of mortgage investments related writedown to $15b. Asian stocks give back earlier gains on such news and in turn boost the Japanese yen higher, in particular against higher...

    complete article here...

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