Yen falls to lowest in nearly six-month

Posted by 7Star Tuesday, April 7, 2009

The yen hit its lowest levels in nearly six months against the dollar and the euro on Monday as investors risk appetite grew, with Asian stocks climbing on hopes the global downturn may be nearing its bottom. Traders said a recovery in emerging market assets, buoyed by G20 steps to help developing economies last week, added to investors appetite for riskier and higher-yielding currencies such as the Australian and New Zealand dollars.

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