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Thursday, January 7, 2016

U.S. Dollar Tumbles Below ¥118

The new year isn't exactly starting off on a good note financially.

According to Jiji Press:
Tokyo, Jan. 7 (Jiji Press)--The dollar briefly tumbled below 118 yen in Tokyo trading on Thursday, as another cut in the yuan's exchange rate by China fueled risk aversion among investors.

At 5:00 P.M. today (Japan time), the dollar was at 118.02-03 yen.

To read more, go here.

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