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Tuesday, May 19, 2009

Yen Falls After Vice Finance Minister’s Comment

The Japanese yen declined against its major counterparts today after the Japanese Vice Finance Minister said that the currency rate volatility is hurting the country’s economy.

Euro Down as German GDP Falls More than Expected

The Eurozone single currency declined against all other major currencies today after the news went out that the economy of Germany contracted at a fastest pace in decades last quarter.

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