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USD Retreats from China-backed Increase, Sets Record Lows Against Yen

December, 27 2016

The USD dropped from its recently high levels during the mid-morning trading session in spite of maintaining some of its profits as opposed to majority of its G-10 colleagues. The dollar dropped immediately after China’s Xi Jinping released a statement saying that he is open to China’s economic growth retreating below the country’s target of 6.5%. The USD/JPY traded at 117.26 points after posting session lows of 117.18 points.

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Stock market analytics, financial forecasts

USD Retreats from China-backed Increase, Sets Record Lows Against Yen

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