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Article: Kyodo News International, Tokyo, Currency Outlook Column.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- November 8, 2003
CopyrightCOPYRIGHT 2003 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Mie Sakamoto, Kyodo News International, Tokyo Knight Ridder/Tribune Business News
Nov. 8--TOKYO--DOLLAR TO STAY FIRM NEXT WEEK ON UPBEAT U.S. ECONOMIC DATA: The U.S. dollar is likely to stay firm against the yen next week, bolstered by prospects of a U.S. economic recovery following recently released U.S. economic figures, including jobs data for October, dealers said.
They said they expect the dollar to trade between 109.50 yen and 111.50 yen. This past week in Tokyo, it traded between 109.52 yen and 111.02 yen.
On Monday, the dollar briefly hit a one-month high of 111.50 yen in New York on buying spurred by a surge in a key gauge of ...
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