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Mid-Day Report: Yen Firm, High-Yielders Pressured by Dubai Debt Delay

November 25 admin

Yen remains firm after earlier rally that sent it to new 14 year high against dollar. Other major currencies are dragged down against dollar by sharp selloff in respective yen crosses. News that Dubai World, a government investment company having debts totaling around $60b, has asked creditors for postponing its…

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