Monthly Archives: July 2005

FOREX-Yen pares gains after jumping on yuan revaluation

July 22, 2005 – 1:51 pm

TOKYO, July 22  - The yen fell sharply on Friday, giving back almost half of its hefty gains scored a day earlier when China ditched the yuan’s peg to the dollar, as the initial excitement over Beijing’s long-awaited currency shift subsided.A day after the yen posted its biggest one-day jump against the dollar in more [...]

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