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Day: March 24, 2008
March 242008
Yen and Franc Decline on Rising Stocks
The Japanese yen declined today from its recent high values against the U.S. dollar, pound and euro as the global stock markets gained and the high-yielding assets looked more attractive than on the last week. The yen was joined by another low-risk currency the Swiss franc. They both started this week with a decline against the more risky currencies after Fed spurred investors activity in U.S, Europe and Asia. Good news […]
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March 242008
Indian Rupee Appreciates on Market Revival
The Indian rupee rose significantly today on Forex as the markets were restoring from the recent sharp fall and the economies of the developing countries started to receive more capital inflows. The Indian currency gained more than 1% after reaching its half-year bottom rate against the U.S. dollar on March 17. U.S. Federal Reserve lowered the interest rate last week and ruled […]
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