Dollar Rebounds From 14-year Low vs. Yen - Nov 27 2009

27 November 2009 @ 05:58 am EDT

The U.S. Dollar rebounded versus most major rivals Thursday, benefiting from safe-haven flows amid fears of a potential sovereign debt default by Dubai. Dubai's shock move on Wednesday to restructure its biggest corporate debtor, Dubai World, and delay repayment on some of the company's $59 billion in liabilities, dented risk appetite across asset markets on Thursday, to the U.S Dollar's benefit.

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