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Article: Kyodo News International, Tokyo, Currency Outlook Column.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- January 17, 2004
CopyrightCOPYRIGHT 2004 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 Yoshino Matsui, Kyodo News International, Tokyo Knight Ridder/Tribune Business News
Jan. 17--DOLLAR LIKELY TO STAY VULNERABLE NEXT WEEK: The U.S. dollar is expected to remain vulnerable in global trading next week despite having staged a robust rebound Friday, as most market players believe the ongoing market trend of a falling dollar and a rising euro is here to stay.
The dollar is expected to trade between 105.00 yen and 107.50 yen in the coming week, according to dealers in Tokyo. U.S. financial markets will be closed Monday for Martin Luther King Jr. Day.
On Friday in New York, the U.S. currency reached an intraday high of 107.00 ...
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