Friday, April 13, 2007

Yen Rebounds From Record Low Against Euro Before Group of Seven Meeting

(Bloomberg) -- The yen rebounded from a record low against the euro and gained versus the dollar on speculation Group of Seven finance ministers will suggest Japan's currency doesn't reflect the strength of its economy.

The dollar remained lower against the euro and yen after a U.S. government report showed the trade deficit unexpectedly narrowed in February. European Central Bank President Jean-Claude Trichet said yesterday that the Japanese currency should reflect economic ``fundamentals.''


Read more at Bloomberg Currencies News

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