Yen strengthens across the board

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Yen strengthens across the board

By Grace Cheng on September 19, 2006 | More Posts By Grace Cheng | Author's Website

US Producer Prices fell for a second straight month in August, providing further evidence that inflationary pressures in the US economy are lessening. Core PPI (excluding food and energy) fell 0.4%, the steepest drop since April 2003 and the second-straight monthly decline. This was worse than expected with a consensus of +0.2%. This data shows signs of a slowing US economy.

Today, the Japanese yen did surge with gusto after all as expected,….

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