Euro, Pound Slip, As Weakening Fundamentals Raise Stagflation Fears (Daily FX)
Story date: 2008-06-23 04:09:35
Added on: 2008-06-23 05:18:16
• USDJPY – Japanese business sentiment declined at its quickest pace in four years to minus 15.2 percent, amid elevated commodity costs and decreased demand for Japanese goods. The Nikkei 225 Stock Average also plummeted as confidence amongst manufacturers was at its lowest lever of all time.
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