The U.S. dollar hit a five-year high against the yen on Friday amid talk that the Fed could start tapering its monetary stimulus as soon as next weekâ??s policy meeting.
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Spot gold rose to a fresh record high of $1,813.79 an ounce in volatile trade early on Thursday as investors fled for safe haven assets on worries that Wall Street's overnight plunge would also send Asian markets deep into negative territory.*
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Italy's borrowing costs soared on Thursday as it sold nearly 8 billion euros of bonds, with jitters about its debt pile pushing its benchmark 10-year bond yield to the highest in 11 years.
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The languishing U.S. dollar has catapulted other currencies into the stratosphere. The Singapore dollar, for one, hit a record high against the greenback on Wednesday, as the latter scraped three-month lows versus a basket of currencies. While this may spell cheer for investors long on the...
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