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JUL 31, 2013 - Investopedia

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Flash: Dollar firm ahead of key events - BTMU

FXstreet.com (Barcelona) - Derek Halpenny, European Head of Global Markets Research at the Bank of Tokyo Mitsubishi UFJ notes that the dollar is broadly stable versus the yen, euro and pound but is performing well versus many other currencies – in particular versus the rest of Asia.Key Quotes“As good as the dollar is doing in Asia, the yen is out-performing (modestly) with a real danger that a lack of direction in terms of policy in Japan during the quiet August period might result in a further liquidation of the ‘Abe-trade’ – meaning Japanese stocks decline and the yen strengthens.”“The ... Read More

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