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Tuesday, November 07, 2006

Hawish Comments From The Central Bank Push the Dollar Lower Againist the Yen

Asian session trading saw the Dollar decline against the Yen, sparked by hawkish comments from the central bank governor of Japan, and leading speculators to forecast another interest rate hike during the 4th quarter. Japan's benchmark rate was increased for the first time in six years to 0.25%, and the governor's comments told investor's that the central bank will make the first move in the country's war on inflation. Read More.....