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[QUOTE="andy003, post: 1465, member: 245"] [b]Forex currency news digest[/b] [FONT="Comic Sans MS"]Hello there all traders Here's currency news update for the Yen, Aud & the Rupee from Bloomberg 30th March 09,Monday *Yen* The yen and the dollar rose against the euro on speculation declines in stocks will prompt investors to reduce holdings of higher-yielding assets. *Aud & Nzd* The Australian and New Zealand dollars slid for a second day as regional stocks tumbled on concerns about the depth of the global recession. The currencies weakened after their central banks slashed interest rates even as the industrialized world enters a synchronized recession. *Indian Rupee* India’s rupee declined the most in almost a month on concern Asia’s weakening economic data will cause overseas investors to take money out of the region. The currency is headed for a fifth quarter of declines, the longest run of losses since 2002.It’s the second-worst performer among the 10 most-traded Asian currencies in the past 12 months, declining 22 percent. [/FONT] [/QUOTE]
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