Yen Slides Against Majors
(RTTNews) - The Japanese yen weakened against other major currencies in the Asian session on Thursday.
The yen rose to 2-day lows of 157.52 against the euro, 186.64 against the pound and 143.04 against the U.S. dollar, from yesterday's closing quotes of 156.74, 185.65 and 142.35, respectively.
Against the Swiss franc, the yen edged down to 167.59 from Wednesday's closing value of 164.04.
If the yen extends its downtrend, it is likely to find support around 161.00 against the euro, 192.00 against the pound, 147.00 against the greenback and 170.00 against the franc.
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Pound Rises Against Majors
The British pound strengthened against other major currencies in the European session on Friday.
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Euro Drops As ECB Lowers Key Rates Again
The euro fell against its major counterparts in the European session on Thursday, as the European Central Bank cut key interest rates by 25 basis points amid progress in disinflation and weak economic data released since the September policy session.
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Swiss Franc Falls Against Majors
The Swiss franc weakened against other major currencies in the European session on Thursday.
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U.S. Dollar Advances Against Most Majors
The U.S. dollar firmed against its most major counterparts in the New York session on Wednesday.
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Pound Slides As U.K. Inflation Hits Three-year Low
The British pound weakened against other major currencies in the European session on Wednesday, after U.K. inflation fell below the 2 percent target and also hit the lowest in more than three years in September, piling pressure on the Bank of England to ease policy at the November meeting.
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Pound Slides Against Majors
The British pound weakened against other major currencies in the pre-European session on Wednesday.
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