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  • Foex, Forex market, Forex trading, Forex

    YEN Surges after Chinese Monetary Moves

    Tuesday, January 26, 2010 - 11:01am

    Today, China activated an immediate increase in the required reserves of some of its banks. This action sparked intense selling of Asian stocks that resulted in the YEN soaring against other major currencies. The markets are fearful that China’s central bank may take additional action to restrict...

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