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JPY Daily News
Yen is Steady Despite Dollar Weakness
Thursday, 18 Nov 2010
The yen is mainly unchanged versus the greenback and is currently range trading between 83.00 and 83.50. With the uncertainty over the euro-zone debt crisis on the one hand and the Federal Reserve's asset buying program on the other the yen remains as a reliable safe haven currency.
The New Zealand and Australian dollars held yesterday's gains on speculation Ireland will accept aid restoring demand for higher-yielding assets.
New Zealand's dollar is currently trading at 77.41 U.S. cents from 77.03 cents in New York yesterday when it climbed 0.3 percent. It bought 64.33 yen from 64.10 yen. Australia's currency rose to 98.40 U.S. cents from 97.97 cents, and 81.85 yen from 81.49 yen.
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