Conflict Creates Anxiety
Asian markets were hurt by news that North Korea shelled a South Korean island, killing two. South Korea returned fire in response to a continuation of recent provocations by Pyongyang that began with the sinking of a South Korean ship back in March. Shelling also comes on the heels of the revelations made by North [...]
Yen jumps on the Euro
The Yen rose today to a 9 month high (JPY/EUR) as signs of global economic recovery faded for currency traders. The Japanese currency rose on account of being sought after as a safe haven. The Yen rose against all 16 of the major currencies, touching 89.25 to the US dollar, with a high of 89.14. [...]
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