Thursday, May 17, 2012
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FOREX-Dollar rises to 2-month high vs yen; stg falls

The dollar was broadly firmer on Wednesday, touching two-month peaks against the yen in holiday-thinned trade, underpinned by firm U.S. housing data and higher U.S. bond yields.

"The dollar continues to capitalise on stronger U.S. data, which is likely to extend a bit further in a last pre-Christmas dash," said Daragh Maher, deputy head of FX strategy at Calyon >>

 

 

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