Wednesday, April 18, 2007

Yen recovers on solid data, risk-taking caution

(Reuters) - The yen's rebound against high-yielding currencies helped pull the euro and sterling off their highs against the dollar. But the U.S. currency was still weighed down by expectations for U.S. interest rate cuts, while a monetary tightening outlook supported other currencies.

The dollar hovered near a record low against the euro and a 26-year low versus sterling.


Read more at Reuters.com Hot Stocks News

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