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Dollar, euro strengthen against yen

This article was originally published in Dairy Markets

Data showing the narrowest US current account gap since 2005 in the fourth quarter sent the dollar up to session highs versus the yen yesterday at around $1 = ¥116.63. The dollar and the euro had already been strengthening against the yen as bargain hunters moved in following a sharp rise in the Japanese currency on Tuesday. The current account deficit shrank to US$195.7 billion from a revised $229.3bn in the third quarter.



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