Daily Video Recap: Fears About US & Global Recovery Send Yen Soaring

By Nick Nasad
24 August 2010 @ 11:14 am EDT

With weak data from the US worrying investors, we saw a dash towards safe haven in currency markets. The Yen hit a 15-year high against the Dollar, and a 9-year against the Yen. A very weak home sales report pressured the Dollar in NY trading, as it gave up its earlier gains against the Euro, and pared a good chunk of its gains against higher yielders like the Canadian Dollar.

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