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The greenback is again testing postwar lows vs. the yen, after giving up all of its gains...

  • Wednesday, August 17, 2011, 9:04 AM ET
    The greenback is again testing postwar lows vs. the yen, after giving up all of its gains following the Japanese intervention a few days back. "Mr. Yen" says we haven't seen anything yet. Dollar buys ¥76.50.
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    A dollar doesn't seem to buy much these days, not only is it getting JPY 76.4350, add to that EUR 0.6905, CAD 0.9795, GBP 0.6055, AUD 0.9458 and CHF 0.7883. With PPI both headline and core both exceeding expectations the second month in a row, eventually it will buy less domestically as well. The new normal?
    17 Aug 2011, 09:56 AM Reply Like
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