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US Dollar, Japanese Yen Gain As G7 Predicts 'Severe' Global Recession

Discussion in 'Fundamental Analysis' started by ActionForex.com, Feb 16, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    The US Dollar and the Japanese Yen rose overnight as the G7 said the 'severe' global recession will persist for most of 2009 while Japan's economy shrank the most since 1974 in the fourth quarter, sparking risk aversion and weighing on stock prices. More of the same is likely ahead...

    complete article here...

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