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Yen extends losses, sterling boosted

This article was originally published in Dairy Markets

The start of a cautious return of risk appetite lifted high-yielding currencies yesterday, seeing sterling moving up against the yen, dollar and euro. The pound was boosted by a rebound in British factory orders and an announcement by the European Central Bank that it would hold a tender today to feed a further €40 billion into the money markets in order to steady them.

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