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Home | Forex Analysis: Yen Drops on Moody’s Warning, Dollar May Rise on ISM |
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Forex Analysis: Yen Drops on Moody’s Warning, Dollar May Rise on ISM
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- October 31, 2012
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The Yen fell after Moody’s warned about the credit-negative implications of political gridlock. The US Dollar may rise as soft ISM data boosts haven demand. The Euro may face selling pressure on swelling ECB rate hike bets as inflation hits a three month low. The Yen is vulnerable if US economic data boosts risk appetite. [...]This article (Forex Analysis: Yen Drops on Moody’s Warning, Dollar May Rise on ISM) was originally developed by and is property of American Banking News. Checkout American Banking News for up-to-date banking news and peer to peer lending news.
- Read more at:http://www.americanbankingnews.com/2012/11/01/forex-analysis-yen-drops-on-moodys-warning-dollar-may-rise-on-ism/
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