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Yen under pressure as Syria concerns wane
The yen slid to a seven week low against the euro on Tuesday, reflecting an easing of concerns over Syria that drew investors back into higher-yielding assets which have suffered from worries over geopolitical strife. U.S. President Barack Obama did not completely take the plan to attack Syria off the table in response to proposals from Russia overnight but he said plans to make Syria hand over its chemical weapons could be a breakthrough. The euro gained 0.6 percent to 132.70 yen in response, the highest since late July, and was in sight of a 3-1/2 month record of 132.745 yen. The dollar also rose 0.5 percent ... (full story)
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hell yeah,,