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  • Asia FX Weakens On recession Wo Yen Supported By Yield Cap Bets

    Asia FX Weakens On recession Wo Yen Supported By Yield Cap Bets0

    Most Asian currencies retreated on Thursday as weak U.S. economic data pushed up fears of a potential recession, while the Japanese yen recouped most of its recent losses on speculation that the Bank of Japan may yet increase its yield control range. The yen was the best-performing Asian currency for the day, rising 0.5% to

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  • Oil Prices Hover Near 8-Mth Low as Recession Fears Dent Outlook

    Oil Prices Hover Near 8-Mth Low as Recession Fears Dent Outlook0

    Oil prices held near eight-month lows on Monday after falling sharply last week, as markets feared that slowing global economic activity will dent demand for crude. London-traded Brent oil futures rose 0.3% to $85.29 a barrel, while U.S. West Texas Intermediate futures were unchanged at $78.67 a barrel by 21:30 ET (01:30 GMT). Both contracts

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