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Article: Dollar drops to upper 102 yen level in Tokyo after plunge in New York.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- November 25, 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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Kyodo News International, Tokyo Knight Ridder/Tribune Business News
Nov. 25--TOKYO -- The U.S. dollar traded in the upper half of 102 yen Thursday morning in Tokyo, carrying over the downtrend overnight in New York where the currency tumbled to 102.56 yen, its lowest level in four years and eight months.
In Tokyo, the dollar hit a morning low of 102.77 yen, its lowest Tokyo level in about four years and 10 months. Its morning high was 103.05 yen.
At noon, the dollar traded at 102.85-88 yen, compared with Wednesday's 5 p.m. quotes of 102.75-85 yen in New York and 103.27-30 yen in Tokyo.
In New York, the dollar drew selling pressure ...
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